In OS case, a defendant or plaintiff who has not provided any evidence for his earnings during cross examination admits that he has not paid any GST or CST or not taken any panchayat permission or has PAN / TIN for conducting business of worth 50k profit per month for a period of 25 years. Also admit that he has acquired self acquired property from same the business and hence the property in the discussion is not ancestral property or belongs to HUF.
Does his claim as self acquired property are valid in the law ?
Can court consider as tax evasion and punish the person ?
