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Amit R Gupta & Associates, Advocates & Solicitors is an adeptly managed, Service oriented and wisdom based firm, comprising of congregation of prodigious Advocates, Chartered Accountants and company secretaries who are committed to add value and optimize the benefits accruing to clients. With commercial acumen and analytical thinking, we provide all sorts of compendious professional services related to Litigation, Tax Management Consultancy (both Direct & Indirect), Accounting, Corporate Laws & Secretarial Services, etc. In order to meet the pertinent requirements of the clients, we provide the best possible solution and consultancy for their respective financial issues. In pursuit of our effort, we consistently adhere to our mission of adding value to every responsibility endowed upon us. Our multi-faceted knowledge and practical training aids us in offering professional solutions to individuals and corporates, keeping in mind their desired goals. With an immaculate blend of proficiency backed up with innovation and integrity, the firm aspires to offer expertise beyond compare. Last but not least, we always strive to establish a long-term business relationship with our esteemed clients via true-blue services. Email: [email protected], phone no.- 9811291390

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Ignorance of law principle: tax relief and penalties hinge on nature of default, intent, and administrative fairness.
The article explains that while ignorance of law is no excuse remains a core principle, its application in taxation depends on the nature of the default, surrounding facts, and whether there was guilty intention or benefit to the taxpayer; tribunals and guidance recognize that complex statutory regimes may justify relief for bona fide or technical errors, and tax officers are obliged to assist taxpayers and not take advantage of their ignorance. (AI Summary)
Date 25 Jun 2020
AMITKUMAR GUPTA
Organization
Organization

AMIT KUMAR GUPTA & ASSOCIATES

Connected
Connected

June 2020