Delay in Payment of Income tax is Not “Tax Evasion”;May Attract Penalty:HC

The High Court of Gujarat has ruled that delayed payment of Income Tax might call for interest or penalty but cannot be construed as an attempt to evade tax. The petitioner, one Ganga Devi Somani, is an independent and non-executive Director of a company and submitted that the petitioners have no role in the day

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READ ALSO  Income Tax Law | Supreme Court Summarises Principles For Courts to Follow in Search and Seizure Cases
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