Provisions of section 287 of Income tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... The Board has examined the reasons for lenient punishments awarded by Courts. These are as under : (i) The Department has failed to lead evidence before the Courts in respect of penalties imposed in the past for concealment of income or other contumacious conduct of the accused. (ii) The attitude of the prosecution Counsels of the Department in being satisfied with a conviction and not impressi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ally viewed as serious offences. The Board had, in Instruction nos. 271 and 302, referred to some of the above aspects with a view of ensuring that tax evaders do not get away with lenient punishments. 2. The matter has been further considered by the Board. It is felt that offences under the Income-tax Act are not temporary aberrations arising out of economic distress as in the case of offences ....