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'No Presumption Under Law That Every Unaccounted Transaction Leads To Imposition Of Tax' : Karnataka HC Gives Relief To DK Shivakumar
3 years, 8 months ago

'No Presumption Under Law That Every Unaccounted Transaction Leads To Imposition Of Tax' : Karnataka HC Gives Relief To DK Shivakumar

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In a relief to Congress leader D K Shivakumar, the Karnataka High Court on Monday dismissed an appeal filed by the Income Tax Department against an order of the special court discharging him in an alleged case of tax evasion. The Court below committed an error in not considering the expression used in section 276C of the Income Tax Act …

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