Court Overturns Tax Evasion Penalty Due to Unreasonable Justification; No Penalty Imposed for Inaccurate Accounts.

Court Overturns Tax Evasion Penalty Due to Unreasonable Justification; No Penalty Imposed for Inaccurate Accounts. https://www.taxtmi.com/highlights?id=22027 Levy of penalty - by claiming exemption, the assessee had tried to evade payment of tax and had also failed to keep true and complete accounts, does not appeal to me as reasonable on the facts of the instant case - no penalty - HC en-us Thu, 05 Mar 2015 10:58:27 +0530 Thu, 05 Mar 2015 10:58:27 +0530 TaxTMI RSS Generator Court Overturns Tax Evasion Penalty Due to Unreasonable Justification; No Penalty Imposed for Inaccurate Accounts. https://www.taxtmi.com/highlights?id=22027 Levy of penalty - by claiming exemption, the assessee had tried to evade payment of tax and had also failed to keep true and complete accounts, does not appeal to me as reasonable on the facts of the instant case - no penalty - HC Highlights VAT and Sales Tax Thu, 05 Mar 2015 10:58:27 +0530 https://www.taxtmi.com/highlights?id=22027