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Sharp increase in prosecutions of tax evaders by Income Tax Department

News and Press Release - Dated:- 12-1-2018 - The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number .....

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sit the tax deducted/collected at source or inordinate delay in doing so, among other defaults. During FY 2017-18(upto the end of November, 2017), the Department filed Prosecution complaints for various offences in 2225 cases compared to 784 for the .....

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d of the immediately preceding year, registering a rise of 83%. Compounding of offences is done when the defaulter admits to its offence and pays the compounding fee as per stipulated conditions. Due to the decisive and focused action taken by the De .....

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ompared to 13 convictions for the corresponding period in the immediately preceding year, marking an increase of 269%. A few illustrative cases are highlighted. i. A Dehradun Court convicted one defaulter for holding undisclosed foreign bank account .....

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h 2 years rigorous imprisonment for trying to cheat the Department by fabricating affidavits and gift deeds, in connivance with his advocate and witness, with the motive of evading tax. The Court, while awarding the sentence to the trader, also simul .....

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lty of non-deposit of TDS of over ₹ 60 lakh(within the prescribed time), and was sentenced to rigorous imprisonment of three months alongwith imposition of fine. Similarly, a Mohali resident was held guilty of non-deposit of TDS within prescrib .....

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