PROSECUTION AGAINST AN ASSESSEE UNDER INCOME TAX ACT, 1961 WHEN THE ASSESSMENTS ARE QUASHED ON LIMITATION

PROSECUTION AGAINST AN ASSESSEE UNDER INCOME TAX ACT, 1961 WHEN THE ASSESSMENTS ARE QUASHED ON LIMITATION https://www.taxtmi.com/article/detailed?id=10441 The High Court held that criminal prosecution can continue despite assessment orders being quashed on limitation grounds where the quashment is technical and a prima facie case of tax offences-non filing of returns, concealment of income, failure to pay tax and furnishing false statements-exists; findings in adjudicatory proceedings are not binding in criminal trials and statutory presumptions may assist prosecution unless rebutted. en-us Wed, 08 Jun 2022 10:00:31 +0530 Wed, 08 Jun 2022 10:00:31 +0530 TaxTMI RSS Generator PROSECUTION AGAINST AN ASSESSEE UNDER INCOME TAX ACT, 1961 WHEN THE ASSESSMENTS ARE QUASHED ON LIMITATION https://www.taxtmi.com/article/detailed?id=10441 The High Court held that criminal prosecution can continue despite assessment orders being quashed on limitation grounds where the quashment is technical and a prima facie case of tax offences-non filing of returns, concealment of income, failure to pay tax and furnishing false statements-exists; findings in adjudicatory proceedings are not binding in criminal trials and statutory presumptions may assist prosecution unless rebutted. Articles Income Tax Wed, 08 Jun 2022 10:00:31 +0530 https://www.taxtmi.com/article/detailed?id=10441