PROSECUTION
UNDER
INCOME TAX ACT
- P.K. PRADEEP KUMAR
INCOME TAX OFFICER
1
,PROSECUTION UNDER I.T ACT
In the fight against tax evasion, the imposition of monetary
penalty alone is not sufficient.
A calculating tax evader finds it profitable to evade tax for
years, if he knows that he may get away with it by paying
penalty in the year in which he is caught.
However, the prospect of landing in jail is a far more
dreaded consequence and works as a deterrent.
The Parliament has, therefore, been enacting deterrent laws
for effective implementation of tax laws
2
, PROSECUTION UNDER I.T ACT
• Dealt with under
Chapter XXII- of the I.T.Act,1961
• Relevant sections:-
275A to 280 of Income tax Law
&
Secs. 3,4,61,79 to 90, 105,112 to 114
of The Indian Evidence Act 1872.
3
UNDER
INCOME TAX ACT
- P.K. PRADEEP KUMAR
INCOME TAX OFFICER
1
,PROSECUTION UNDER I.T ACT
In the fight against tax evasion, the imposition of monetary
penalty alone is not sufficient.
A calculating tax evader finds it profitable to evade tax for
years, if he knows that he may get away with it by paying
penalty in the year in which he is caught.
However, the prospect of landing in jail is a far more
dreaded consequence and works as a deterrent.
The Parliament has, therefore, been enacting deterrent laws
for effective implementation of tax laws
2
, PROSECUTION UNDER I.T ACT
• Dealt with under
Chapter XXII- of the I.T.Act,1961
• Relevant sections:-
275A to 280 of Income tax Law
&
Secs. 3,4,61,79 to 90, 105,112 to 114
of The Indian Evidence Act 1872.
3
