https://www.taxtmi.com/caselaws?id=443607 The court quashed the complaint against the petitioners, a registered firm, under Section 276(C)(2) of the Income Tax Act, 1961, for alleged non-payment of tax. The court determined that the delayed payment of self-assessed tax for the Assessment Year 2011-12 did not constitute willful evasion, as the tax amount was acknowledged in the returns and eventually paid with penalties. The decision was supported by precedents from the Karnataka and Madras HCs, and the SC's dismissal of an appeal reinforced that delayed payment without intent to evade does not meet the criteria for prosecution. en-us Thu, 14 Sep 2023 00:00:00 +0530 Wed, 13 Dec 2023 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443607 The court quashed the complaint against the petitioners, a registered firm, under Section 276(C)(2) of the Income Tax Act, 1961, for alleged non-payment of tax. The court determined that the delayed payment of self-assessed tax for the Assessment Year 2011-12 did not constitute willful evasion, as the tax amount was acknowledged in the returns and eventually paid with penalties. The decision was supported by precedents from the Karnataka and Madras HCs, and the SC's dismissal of an appeal reinforced that delayed payment without intent to evade does not meet the criteria for prosecution. Case-Laws Income Tax Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443607