https://www.taxtmi.com/highlights?id=75257 Offence u/s 276CC - petitioner prime facie found that the non-filing of the return was wilfull - Economic Offences - The petitioner's argument that the tax liability was covered by Tax Deducted at Source (TDS) was refuted, as the TDS amount was insufficient. - The High court emphasized the statutory presumption u/s 278E, shifting the burden onto the petitioner to prove absence of wilfulness. - High court dismissed the petitioner's appeal and directed the lower court to proceed with the proceedings, with a timeline for completion. en-us Wed, 28 Feb 2024 08:36:22 +0530 Wed, 28 Feb 2024 08:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75257 Offence u/s 276CC - petitioner prime facie found that the non-filing of the return was wilfull - Economic Offences - The petitioner's argument that the tax liability was covered by Tax Deducted at Source (TDS) was refuted, as the TDS amount was insufficient. - The High court emphasized the statutory presumption u/s 278E, shifting the burden onto the petitioner to prove absence of wilfulness. - High court dismissed the petitioner's appeal and directed the lower court to proceed with the proceedings, with a timeline for completion. Highlights Income Tax Wed, 28 Feb 2024 08:36:22 +0530 https://www.taxtmi.com/highlights?id=75257