https://www.taxtmi.com/caselaws?id=783140 HC interpreted CBDT circulars dated 09.09.2019 and 23.01.2020 in the context of prosecution under Sections 276C(1) and 278E of the Income Tax Act. It held that where the amount of tax sought to be evaded exceeds Rs. 25 lakhs, the competent sanctioning and approving authority for initiating prosecution is the PCIT, and not a collegium of two CCIT/DGIT rank officers. The requirement of collegium approval applies only where the evaded tax is Rs. 25 lakhs or below. Finding that the tax evasion exceeded Rs. 25 lakhs, the HC upheld the sanction by PCIT and dismissed the petition. en-us Mon, 08 Dec 2025 00:00:00 +0530 Wed, 10 Dec 2025 08:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783140 HC interpreted CBDT circulars dated 09.09.2019 and 23.01.2020 in the context of prosecution under Sections 276C(1) and 278E of the Income Tax Act. It held that where the amount of tax sought to be evaded exceeds Rs. 25 lakhs, the competent sanctioning and approving authority for initiating prosecution is the PCIT, and not a collegium of two CCIT/DGIT rank officers. The requirement of collegium approval applies only where the evaded tax is Rs. 25 lakhs or below. Finding that the tax evasion exceeded Rs. 25 lakhs, the HC upheld the sanction by PCIT and dismissed the petition. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783140