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Latest Articles


Budget 2025 extends Income Tax section 270AA Immunity Application Processing Time

Income Tax : Finance Bill 2025 extends the processing period for immunity applications under section 270AA of the Income-tax Act from 1 month t...

February 2, 2025 1365 Views 0 comment Print

3 Mistakes that can lead to an Income Tax Notice

Income Tax : Those who are working and fall under a tax slab as per their annual income get TDS deducted by their employers on a monthly basis...

July 8, 2020 15289 Views 1 comment Print

Penalties and Prosecutions under the Income tax Act

Income Tax : Understanding penalties and prosecutions under the Income tax Act. Learn about the minimum and maximum penalties, and how they can...

September 26, 2019 10443 Views 0 comment Print

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962

Custom Duty : Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962 Ce...

June 8, 2019 2640 Views 0 comment Print

Prosecution on Willful Failure to File Return of Income

Income Tax : Section 276CC of Income tax Act provides for period of rigorous imprisonment and fine in case of willful failure to file return of...

February 26, 2019 4317 Views 0 comment Print


Latest News


Representation for relaxing Income Tax Prosecution provisions

Income Tax : Representation for substitution of Prosecution provisions under the Income Tax Act by reasonable monetary penalty as done in case ...

August 2, 2021 6228 Views 1 comment Print

Former Central Excise Commissioner Sentenced to Four Years Rigorous Imprisonment

Excise Duty : FORMER Central Excise Commissioner Ms LR Mithran was sentenced to a four year Rigorous Imprisonment with a fine of Rs. 20,000 for ...

October 6, 2010 399 Views 0 comment Print

Vice President of Sterlite Industries Varadharajan arrested for alleged duty evasion of Rs 750 crore

Excise Duty : The sources said the alleged duty evasion in import of raw materials for production of copper products was detected during a raid ...

July 25, 2010 1215 Views 0 comment Print


Latest Judiciary


HC dismisses Income Tax prosecution launched against D K Shivakumar

Income Tax : Income Tax Department Vs Sri D K Shivakumar (Karnataka High Court) The gist of the offence under section 276C(1) is the wilfull at...

April 5, 2021 1572 Views 0 comment Print

Income Tax Prosecution can be launched if Assessee aged below 70 years at the time of commission of offence

Income Tax : While hearing an appeal filed by Dabur India Ltd Promoter Pradip Burman in Black Money case related to undisclosed Bank Account ma...

December 31, 2015 11484 Views 0 comment Print


Latest Notifications


Expedite prosecution filing & compounding application disposal: CBDT

Income Tax : From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till J...

March 7, 2017 1881 Views 0 comment Print


Latest Posts in prosecution

Budget 2025 extends Income Tax section 270AA Immunity Application Processing Time

February 2, 2025 1365 Views 0 comment Print

Finance Bill 2025 extends the processing period for immunity applications under section 270AA of the Income-tax Act from 1 month to 3 months.

Representation for relaxing Income Tax Prosecution provisions

August 2, 2021 6228 Views 1 comment Print

Representation for substitution of Prosecution provisions under the Income Tax Act by reasonable monetary penalty as done in case of the prosecutions under the Companies Act; increasing the monetary limit for initiating prosecution complaints in Income tax matters etc. and widening the scope of compounding in prosecution cases. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, […]

HC dismisses Income Tax prosecution launched against D K Shivakumar

April 5, 2021 1572 Views 0 comment Print

Income Tax Department Vs Sri D K Shivakumar (Karnataka High Court) The gist of the offence under section 276C(1) is the wilfull attempt to evade any tax, penalty or interest chargeable or imposable or under reports of the income. What is made punishable is “attempt to evade tax, penalty or interest” and not the “actual […]

3 Mistakes that can lead to an Income Tax Notice

July 8, 2020 15289 Views 1 comment Print

Those who are working and fall under a tax slab as per their annual income get TDS deducted by their employers on a monthly basis, whereas small business owners are often seen escaping the tax demon by hiding their actual annual income. Correspondingly, they save thousands on taxes, which is not a very good idea to save the taxes because these people are going to get a tax notice sooner or later. These transgressions can invite penalties and the person has to pay up to 300% of the unpaid amount as the tax.

Penalties and Prosecutions under the Income tax Act

September 26, 2019 10443 Views 0 comment Print

Understanding penalties and prosecutions under the Income tax Act. Learn about the minimum and maximum penalties, and how they can be reduced or waived.

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962

June 8, 2019 2640 Views 0 comment Print

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962 Central Board of Indirect Tax & Customs has made certain changes with regard to Prosecution of Foreign Nationals for the offences covered under the Customs Act, 1962 involving Foreign Currency vide Circular No.12/2019-Customs dated 24th […]

Prosecution on Willful Failure to File Return of Income

February 26, 2019 4317 Views 0 comment Print

Section 276CC of Income tax Act provides for period of rigorous imprisonment and fine in case of willful failure to file return of income under section 139/148/153A or in response to Notice u/s 142(1). The Prosecution is as follows – 1. If amount of tax sought to be evaded is Rs 25 Lakh or less […]

Representation on Mechanical prosecution notices by Income-tax department

January 13, 2019 12885 Views 2 comments Print

IMC, BCAS, CAAA, CAAS, KSCAA and LCAS has made a Joint Representation on mechanical issue of prosecution notices by the Income-tax department to Ministry of Finance, Government of India. Text of the same is as follows:- To Ajay Bhushan Pandey, Secretary (Revenue), Ministry of Finance, Government of India, 128-A North Block, New Delhi. Respected Sir, […]

Expedite prosecution filing & compounding application disposal: CBDT

March 7, 2017 1881 Views 0 comment Print

From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till Jan,2017, I find that performance in this area is not upto the mark.

Compounding of Offences under Indirect Tax Laws

October 14, 2016 3940 Views 0 comment Print

To prevent litigation and encourage early settlement of disputes, the Government introduced a scheme in year 2005 providing for compounding of offences against payment of compounding amount. Initially, it was extended to offences under Customs Act, 1962 and Central Excise Act, 1944. In the year 2012, it has been extended to offences under the Finance Act, 1994 (relating to service Tax) also.

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