Court Finds Prima Facie Evidence of Tax Evasion Against Petitioner u/s 276C(1) for Unsubstantiated Purchase Claims.

Court Finds Prima Facie Evidence of Tax Evasion Against Petitioner u/s 276C(1) for Unsubstantiated Purchase Claims. https://www.taxtmi.com/highlights?id=61049 Prosecution u/s 276C(1) - allegation against Petitioner is of evasion of tax - Petitioner failed to substantiate the claim of purchases - Taking into consideration accusations in the complaint and material on record, we are satisfied that, prima facie, the ingredients of the offences under Section 276C(1) of the said Act are satisfied. - HC en-us Tue, 21 Dec 2021 15:50:08 +0530 Tue, 21 Dec 2021 15:50:08 +0530 TaxTMI RSS Generator Court Finds Prima Facie Evidence of Tax Evasion Against Petitioner u/s 276C(1) for Unsubstantiated Purchase Claims. https://www.taxtmi.com/highlights?id=61049 Prosecution u/s 276C(1) - allegation against Petitioner is of evasion of tax - Petitioner failed to substantiate the claim of purchases - Taking into consideration accusations in the complaint and material on record, we are satisfied that, prima facie, the ingredients of the offences under Section 276C(1) of the said Act are satisfied. - HC Highlights Income Tax Tue, 21 Dec 2021 15:50:08 +0530 https://www.taxtmi.com/highlights?id=61049