Tag:
Tax Evasion
Indirect Taxes
Short Payment Detected During Audit Doesn’t Indicate Tax Evasion, But Points Superintendent’s Lapse: CESTAT
The Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that short payment detected during audit does not indicate tax...
Direct Tax
I-T Dept. Intensifies Probe: Unusual Data Sources Used to Track Tax Evasion
The Income Tax (I-T) Department has ramped up its investigation efforts, leaving no stone unturned in tracking potential tax evasion across multiple sectors. Businesses...
International Taxation
US Tax Court Imposes Fraud Penalty For Tax Evasion On Unreported Income
The US Tax Court has imposed the fraud penalty for tax evasion on unreported income.The bench of Justice Goeke has observed that he fraudulently...
GST
Regulatory Measures Under GST Laws Ensures To Prevent Tax Evasion, Not Violative Of Fundamental Rights : Calcutta High Court
The Calcutta High Court has held that regulatory measures under the GST laws are necessary to ensure compliance and prevent tax evasion and do...