https://www.taxtmi.com/caselaws?id=761663 Prosecution for wilful attempt to evade tax under the Black Money Act operates independently of assessment proceedings, because Chapter V is stated to be in addition to and separate from Chapter III. The Delhi HC held that completion of assessment is not a prerequisite for launching or sustaining a complaint under Section 51, and that objections based on pending or alleged invalid assessment do not defeat prosecution at the summoning stage. It further held that, at that stage, the Magistrate need only examine whether the complaint discloses sufficient grounds to proceed; on the pleaded facts, allegations of undisclosed foreign assets and fabrication of trust documents disclosed a prima facie triable case. en-us Fri, 08 Nov 2024 00:00:00 +0530 Mon, 03 Mar 2025 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761663 Prosecution for wilful attempt to evade tax under the Black Money Act operates independently of assessment proceedings, because Chapter V is stated to be in addition to and separate from Chapter III. The Delhi HC held that completion of assessment is not a prerequisite for launching or sustaining a complaint under Section 51, and that objections based on pending or alleged invalid assessment do not defeat prosecution at the summoning stage. It further held that, at that stage, the Magistrate need only examine whether the complaint discloses sufficient grounds to proceed; on the pleaded facts, allegations of undisclosed foreign assets and fabrication of trust documents disclosed a prima facie triable case. Case-Laws Income Tax Fri, 08 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761663