The Jammu and Kashmir High Court, while upholding a criminal prosecution against an alleged tax evader, concluded that criminal prosecution along with the other assessment and penalty proceedings is necessary to remove tax evasion. The petitioner, running a Finance Company under the name and Style of M/s Samridhi Finance Company, was subject to search proceedings […]
The post Criminal Prosecution along with IT Proceedings is necessary to curb Tax Evasion: Jammu & Kashmir HC [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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