Payment of tax, penalty or interest under s 276C Income Tax Act, 1961.

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....er to evade payment of any tax, penalty or interest under the I.T.Act, 1961 has been added, inter alia, to the list of offences which will attract prosecution. The prosecution will lie without prejudice to any penalty that may be imposable under any other provision of the Act. The Explanation to Section 276(2) is in the following terms:- "Explanation- For the purposes of this section, a wilful at....

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....ision for prosecution for wilful attempts to evade payment of any tax, penalty or interest under the W.T.Act has also been made u/s.35A(2) of the Wealth-tax Act, inserted by Section 100 of the Taxation Laws (Amendment) Act, 1975. The provisions of both sections 276C(2) of the Income-tax Act and 35A(2) of the Wealth-tax Act may be invoked in respect of an assessee's wilful attempt to evade payment ....