Income Tax Evasion in India A Study of 100 Case Laws
Author : Ashok Kumar Sharma and Dr. Shurveer Singh Bhanawat
Abstract :
This study deals with analysis of 100 case laws/Judgements decided in various Income Tax Appellate Tribunal, High Courts and Supreme Court in F.Y. 2021-22 and F.Y. 2022-23 in India. Since Income Tax Evasion is a serious issue for India Economy over the years it is required to identify the ground reality. The study reflects the facts of various court judgements in terms of category of Assessee, Type of Courts, Source of Identification of Tax Evasion cases, Amount Involved in Tax Evasion cases and the heads of income in which tax evasion actually taken place. Further the study identifies 10 common Methods of Tax Evasion along with their frequency for better understanding of Tax Evasion modus operandi in India.
Keywords :
Income Tax Evasion, ITAT, Case Laws, Heads of Income, Assessee, Assessment.
