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Appellant Penalized for Intent to Evade Tax u/s 78 of Finance Act; Ignored Notices and Failed to File Returns.
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....Penalty u/s 78 of FA - the intention of the appellant to evade tax is understood form its very conduct of non-filing of periodic returns and even not answering to the notices sent at least on three occasions - demand confirmed.....
TaxTMI
TaxTMI