Object Of Section 143(1a) Is The Prevention Of Evasion Of Tax
Last updated: 03 January 2023
Court :
Supreme Court of India
Brief :
The object of S. 143(1A) isthe prevention of evasion of tax - The burden of proving that the assessee has soattempted to evade tax is on the Revenue which may be discharged by establishingfacts and circumstances from which a reasonable inference can be drawn thatthe assessee has, in fact, attempted to evade tax lawfully payable by it.
Citation :
Rajasthan State Electricity Board v. Dy. CIT (2020) 424 ITR 704 187 DTR 457 / 313 CTR745 / 115 taxmann.com 330 / 273 Taxman 1 (SC).
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 217
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