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Revised Returns Filed Waiving Claim And Paid Taxes: Karnataka High Court Quashes Section 276C(1) Prosecution For Wilful Tax Evasion

The Karnataka High Court has quashed the prosecution under Section 276C(1) of the Income Tax Act for wilful tax evasion.The bench of Justice M. Nagaprasanna has observed that the assessees filed. ....

Gautam Bharadwaj , Justicem Nagaprasanna , Karnataka High Court , Income Tax Act , For Petitioner , Revised Returns ,

Taxpayers may be allowed to file revised GST returns from Apr 2025

Experts say hundreds and thousands of GST-registered persons and GST-registered dealers often make natural human errors, such as calculation errors and counting inaccuracies, which can be corrected if an option for revised returns is made available along with pre-filled returns. ....

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