Penalty on tax evasion

The provisions of section 271(1)(c) are discretionary but that does not mean the powers therein may be applied indiscriminately or non-judiciously.

If there is proven evasion of tax of even one  hundred Rupees, penalty has to be levied.

Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. There have been a lot of stories about state lotteries in the press lately, as well as much about tax season. A story broke last week that touches on both subjects. Lottery winner tax evasion thwarted by IRS A man, accused of hiding thousands in lottery winnings from the IRS, was indicted in tax court. Tax evasion is a serious matter, and is not worth the risk.