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Budget 2020 proposes availment of ITC through Fake Invoice as a Non-Bailable Offence
The Union Budget for the year 2020-21 has made the availment of benefits of Input Tax Credit (ITC) by the fraudulent means which is by making fake...
Budget 2020: Proposal for 100% Tax Exemption for Foreign Sovereign Wealth Fund Investments in India.
Finance Minister Nirmala Sitharaman proposed a 100% tax exemption for the Sovereign Wealth Fund of foreign governments. "In order to incentivize the investment by the Sovereign Wealth Fund of foreign...
To Compound Tax Evasion Offences, Assessee should pay the Whole Tax Amount Evaded: Gujarat HC [Read Judgment]
The Gujarat High Court held that 100% of tax sought to be evaded is to be paid for compounding of a tax evasion offences under Section 276C (1) of the Income Tax Act, 1961, and not 100% of the amount...
![To Compound Tax Evasion Offences, Assessee should pay the Whole Tax Amount Evaded: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/Tax-Evasion-Offences-Assessee-Gujarat-High-Court-Taxscan.jpg "To Compound Tax Evasion Offences, Assessee should pay the Whole Tax Amount Evaded: Gujarat HC [Read Judgment]")