Tax Law Archives

Offences and Prosecutions Under Chapter XXII of the (Indian) Income-Tax Act, 1961

Chapter XII of the Income Tax Act, 1961 (I.T. Act), which deals with the OFFENCES & PROSECUTIONS, is always a matter of concern for anyone concerned and related with the I.T. Act. It is quite perplexing to understand the defenses available to anyone prosecuted under the provisions of this chapter of the I.T. Act. For understanding the […]

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Whether every evasion of tax and false verification are punishable under the provisions of the Income Tax Act, 1961?

Tax Law

That as per Section 276 C of the Income Tax Act, 1961 (“IT Act”), if a person willfully attempts in any manner whatsoever to evade any tax, penalty or interest chargeable or imposable, or under reports his income, under the IT Act, he shall, without prejudice to any penalty that may be imposable on him

Whether every evasion of tax and false verification are punishable under the provisions of the Income Tax Act, 1961? Read More »

Can State legislatures impose tax on lotteries?

Tax Law

Recently, the State of Karnataka along with State of Kerala preferred an appeal before the Hon’ble Supreme Court of India bearing Civil Appeal nos. 10466-10476 of 2011. The respective High Courts vide impugned judgments basically held that the State Legislatures had no legislative competence to pass the respective acts regarding taxation of lotteries (for instance,

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