Tag: Penalty – Burden of Proof

• 2017

  WHAT IS A BENAMI TRANSACTION?

  THE PROHIBITION OF BENAMI TRANSACTIONS ACT, 1988 (PDF FILE) 1. Legislative History of the Prohibition of Benami Transactions Act, 1988 1.1 The Select Committee on the Taxation Laws (Amendment) Bill,…
• 2010

  PROVISIONS OF PENALTY U/S 271(1)(c)

  A.    PENALTY U/S 271(1)(c) – CARDINAL PRINCIPLES The following Cardinal Principles have been laid out by the Supreme Court Court in Dilip N. Shroff v. CIT (2007)161 Taxmann 218 and T. Ashok…