Company's False Land Depreciation Claim Deemed Willful Tax Evasion, Not Accounting Error, Auditors and Directors Involved.

Company's False Land Depreciation Claim Deemed Willful Tax Evasion, Not Accounting Error, Auditors and Directors Involved. https://www.taxtmi.com/highlights?id=37001 Wilful attempt to evade tax, etc. - Punishable offence - False claim of depreciation on land - the same is scrutinized, firstly, by the auditors of the company. Secondly, by the directors of the company before endorsing their signatures on the final Balance Sheet. Therefore, it cannot be considered as a mere accounting mistake - HC en-us Tue, 28 Nov 2017 07:51:51 +0530 Tue, 28 Nov 2017 07:51:51 +0530 TaxTMI RSS Generator Company's False Land Depreciation Claim Deemed Willful Tax Evasion, Not Accounting Error, Auditors and Directors Involved. https://www.taxtmi.com/highlights?id=37001 Wilful attempt to evade tax, etc. - Punishable offence - False claim of depreciation on land - the same is scrutinized, firstly, by the auditors of the company. Secondly, by the directors of the company before endorsing their signatures on the final Balance Sheet. Therefore, it cannot be considered as a mere accounting mistake - HC Highlights Income Tax Tue, 28 Nov 2017 07:51:51 +0530 https://www.taxtmi.com/highlights?id=37001