https://www.taxtmi.com/circulars?id=68296 Compute tax and surcharges on concealed firm income at the maximum marginal rate (A). Compute tax on allocable profit in partners' hands, with surcharge (B). Total tax sought to be evaded is C = A + B. Add consolidated establishment expenses to C to obtain total compounding charges, which are recoverable for the first offence. en-us Thu, 16 May 1996 00:00:00 +0530 Tue, 25 Mar 2025 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68296 Compute tax and surcharges on concealed firm income at the maximum marginal rate (A). Compute tax on allocable profit in partners' hands, with surcharge (B). Total tax sought to be evaded is C = A + B. Add consolidated establishment expenses to C to obtain total compounding charges, which are recoverable for the first offence. Circulars Income Tax Thu, 16 May 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68296