{"id":18512,"date":"2021-05-23T20:21:43","date_gmt":"2021-05-23T14:51:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=18512"},"modified":"2021-05-24T12:42:37","modified_gmt":"2021-05-24T07:12:37","slug":"prosecution-for-non-payment-of-tax","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/prosecution-for-non-payment-of-tax\/","title":{"rendered":"Whether prosecution be launched for failure to pay the tax ?"},"content":{"rendered":"<p>Good evening sir. The assessee has sold a residential property and has not filed the return of income. On receipt of notice u\/s 148, the return was filed and tax was paid. However, during the course of assessment proceedings, the cost of acquisition and development was reduced by the assessing officer and accordingly demand is raised. The assessee has given the sale consideration received as loan to a company, which is in the process of winding up. Hence, the assessee is not in a position to pay the taxes. If the demand is finalised assuming that the assessee loses the appeal in the highest forum, will non-repayment of loan by the company be a reasonable ground for non levy of prosecution on the assessee? Also, please clarify if the age of the assessee will be considered at the time of launch of prosecution for the above mentioned facts.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[191,28],"class_list":["post-18512","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-non-payment-of-tax","qa_tag-prosecution"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/18512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=18512"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18512"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=18512"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=18512"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=18512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}