- 1. Introduction,2. Imposition of Penalties :General Principles,3. Penalty for Non-Filing or delay in filing Return:Sections 271(1)(a) & 27 (2),4. Penalty U/S 271(1)(b) : Failure to comply with notices, Concealment of Income : Penalty under Section 6. Penalties on Firms,7. Exceptions and Limitations to Levy of Penalty – Sections – 271 (3) & 271(5),8. Penalties for failure to furnish annual information return, infringement of fringe benefits tax, and,banking cash transaction tax,9. Failure to pay Self-Assessment Tax-Penalty under Section 140A(3),10. Penallty when Tax is in Default : Section 221,11. Penalty and interest Le viable in respect of Deduction and collection of Tax at Source,12. Pemalties leviable in search and seizure cases,13. Other Penalties,14. Enforcing Attendance and Production of Evidence Section 131,15. Procedure Provisions Relating to Penalty: Section 274,16. Limitation for completing penalty proceedings: Section 275,17. Interest Chargeable in Search Cases18. Default in Filing Return : Interest under Section 234A,19. Default Payment of Advance Tax : Interest under section 234B20. Deferment of Advance tax interest under section 234C,21. Interest on Excess Refund – Section 234 D,22. Failure to Deduct or pay tax deducted at Source interest under section Default,23. Default in Payment of Tax By Due Date – Interest Under24. Refunds : Interest Under Section 244A,25. Reduction or Waiver of Penalty : Section 237A, Income Tax Act and Section 18B, Wealth Tax Act,26. Penalties Under Wealth Tax Act, 1957,27. Failure to Furnish Return : Interest under Section 17B, Wealth Tax Act,28. Default in Payment of Tax: Section 21(2), Wealth Tax Act,29. Refund on Appeal, Revision, Rectification, etc. Interest Under Section 34A, Wealth Tax Act,30. Penalties and Interest Under Gift Tax Act, 1958 (Deleted w.e.f. 1-10-1988)31. Prosecution Provisions Under Income Tax Act,32. Failure to Deposit Tax Deducted or Collected,33. Wilful Attempt to Evade Tax, Penalty or Interest Prosecution Under Section 276C,34. Failure to Furnish Returns: Prosecution Under Section 276CC,35. False Statement in Verification, etc. : Prosecution Under Sections 277 & 277A,36. Offences by Company, Firm & HUF and Prosecution: Sections 278B and 278C, Income Tax Act,37. Procedural Provisions Relating to Prosecution38. Miscellaneous Provisions Relating to Prosecution,39. Prosecution Under The Indian Penal Code,40. Prosecution Relating to Search and Seizure Cases,41. General Issues Regarding Prosecution Under Income Tax Act,42. Prosecution Under Gift Tax Act,43. Prosecution Under Wealth Tax Act
About the Authors
Late Shri S. R. Kharabanda [MA (Maths), LL.B] He retired Commissioner of Income-Tax who served in the a fore-mentioned capacity at Shillong, Kanpur, Lucknow, Patna and Agra. He also worked as Regional Director, Company LAw Administration, Northern India. After retirement he was practicing as advocate and tax consultant and had been retained as a taxation and financial advisory by a number of companies.
Prem Nath [IRS Retd] He had successively functioned as Income-Tax Officer, Appellate & Inspecting Assistant Commissioner and Commissioner of Income-Tax. He has had extensive experience of working as financial adviser to a number of ministries of the Central Government and server as director of a few public sector companies. He was a Member of Appellate Tribunal for for feted property, the final court of appeal in respect of properties for feted under the Smugglers & Foreign Exchange Manipulators (For fixture of Property] Act, 1976.
Adv. V. Gopalan is a legal journalist with over 4 decades of rich experience with legal journals like Taxation, Chartered Secretary, Judgement Today, Tax and Corporate Reference, Current Tax Com News and Company Law Journal. Presently he is Consulting Editor to ICSI and is on the penal of Editors for ICAI. He has to his credit over 250+ articles on different aspects of law, particularly taxation and corporate laws published in all leading law journals