Court Finds Prima Facie Evidence of Tax Evasion Against Petitioner u/s 276C(1) for Unsubstantiated Purchase Claims.

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....Prosecution u/s 276C(1) - allegation against Petitioner is of evasion of tax - Petitioner failed to substantiate the claim of purchases - Taking into consideration accusations in the complaint and material on record, we are satisfied that, prima facie, the ingredients of the offences under Section 276C(1) of the said Act are satisfied. - HC....