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2020 (1) TMI 1064 - GUJARAT HIGH COURTCompounding of offence u/s 276C(1) - Compounding of offence - offence pertains to willful attempt to evade tax, etc. - whether 100% of the amount sought to evaded or 100% of tax sought to be evaded is to be paid for compounding of offence - HELD THAT:- As decided in Supernova System (P.) Ltd. [2018 (9) TMI 1322 - GUJARAT HIGH COURT] for compounding of offence under Section 276C(1) of the Act, 1961 would be permissible on payment of 100% of the tax sought to be evaded and not 100% of the amount sought to be evaded by the assessee. The petitions succeed and are accordingly allowed. The petitioner is therefore required to pay 100% of the tax sought to be evaded for compounding of offence under Section 276C(1) of the Income Tax Act, 1961. Rule is made absolute to the aforesaid extent.
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