Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases  ||  SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension  ||  SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace  ||  SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat  ||  SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism  ||  SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance  ||  NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses  ||  NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe  ||  SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets  ||  Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies    

Madras HC: No Willful Avoidance of Tax under Section 276C (2) of Income Tax Act - (29 Mar 2022)

DIRECT TAXATION

Madras High Court has declared that an assessee who simply fails to pay tax on time under Section 276C (2) of the Income Tax Act, 1961 cannot be prosecuted under the Act for willful attempt to evade payment of tax.

Tags : MADRAS HIGH COURT   ASSESSEE   TAX EVASION  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved