{"id":23158,"date":"2021-12-21T13:11:56","date_gmt":"2021-12-21T07:41:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nayan-jayantilal-balu-v-uoi-bomhc-www-itatonline-org\/"},"modified":"2021-12-21T13:11:56","modified_gmt":"2021-12-21T07:41:56","slug":"nayan-jayantilal-balu-v-uoi-bomhc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nayan-jayantilal-balu-v-uoi-bomhc-www-itatonline-org\/","title":{"rendered":"Nayan Jayantilal Balu v. UOI (Bom)(HC) www.itatonline .org"},"content":{"rendered":"<p>The petitioner filed writ petition challenging the sanction of prosecution against the petitioner under section 276(1) of the Income -tax Act , 1961 . Dismissing the petition the Hon\u2019ble High Court held that where the Ld. Assessing Officer made an addition of 12.5 percent of purchases as bogus purchases and the same was upheld by the CIT(A) and ITAT. The Petitioner has wilfully and intentionally evaded his tax liability. The\u00a0<em>prima facie<\/em> ingredients of the offense under section 276C(1) of the Income-tax Act, 1961 are satisfied.\u00a0 \u00a0Writ petition to quash the prosecution was dismissed .\u00a0 \u00a0<\/p>\n<p>(C.WP. No. 2698 of 2021 dt. \u00a0December 07, 2021\u00a0 )<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 276C: Offences and prosecutions &#8211; Wilful attempt to evade tax \u2013 Bogus purchase \u2013 Estimate of  12.5 per cent of Bogus Purchase upheld by CIT(A) and ITAT \u2013 No penalty was levied  -High Court held that prima facie ingredients of offenses are satisfied \u2013 Assessee has wilfully and intentionally evaded his tax liability-  Writ petition to quash the prosecution was dismissed .  [S. 148, 279(1), Art.  226  Code of Criminal Procedure, 1973, S.  482  ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-23158","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-61w","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=23158"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23158\/revisions"}],"predecessor-version":[{"id":23159,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23158\/revisions\/23159"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}