because it loses the tax which should otherwise
have come to the exchequer. The generation of black money
through tax evasion throws a greater burden ... would
have increased the burden on the honest tax payer and
perhaps led to greater tax evasion. The legislature
therefore decided to adopt the second
curb
the large scale evasion of income-tax and to counter other modes of tax
evasion adopted by various assessees to deprive the Government ... incorporation of that Chapter in the
Income Tax Act , namely, to counter the evil of tax evasion by under-
valuation of immovable properties in agreements
would not be in a position to rebut the presumption of tax evasion and to give an interpretation to the provisions which would lead ... would be utterly unwarranted. The very fact that an imputation of tax evasion arises where an order for compulsory purchase is made and such
collection of taxes. Cases on point are CIT v. Motor & General Stores (P) Ltd. ( 1967) 66 ITR 692 (SC) and CIT ... difference between "tax avoidance or tax mitigation" on the one hand, and "tax evasion" on the other. It was pointed
been truly stated with the ulterior object of tax evasion and/or facilitating concealment of income or assets. Since the questions raised in both these ... Direct Taxes Enquiry Committee in paragraphs 2.6, 2.25, 2.26, 2.194 and 2.209 of Chap, 2 dealing with black money and tax evasion. the observations made
abiding tax-payers and the collection of public
revenue, and more difficult to detect than tax-evasion by a
registered dealer. When a dealer applies ... abiding tax-payers and the collection of public revenue, and
more
800
difficult to detect than tax-evasion by a registered dealer.
When a dealer
possibility
of tax evasion.
E. Section 129 and Section 130 of the GST Acts are
provisions enacted to curb evasion of tax under ... payment of tax and penalty equal to 100% of tax where
owner comes forward to make payment of such tax and
penalty. Thus even though
with whom Swatantar Kumar J. concurred, on the question
of tax avoidance and tax evasion and earlier judgments in the cases of
McDowell ... agreement with the judgment of Reddy, J. only in
relation to tax evasion through the use of colourable
devices and by resorting to dubious methods
such transactions to evade tax liability and to conceal their income. In this way, the twin evils of tax evasion and black money are being ... stamp duty, registration fees, income-tax and wealth-tax. The tax revenue of the State would suffer. The tax evader would also be able
tax, paid in accordance with
the circulars, against the tax due during the same month. The tax paid can
be adjusted towards the output tax ... necessary to prevent any evasion of tax, direct
that the tax in respect of the sale of any evasion prone
commodities, as may specified
