Mohd Feroz. CAT3 ACJ
Mohd Feroz. CAT3 ACJ
Mohd Feroz. CAT3 ACJ
CAT 3
TOPIC: TAX EVASION
Submitted To:-
Vinayak Pandey Submitted By-
BALB4033 18GSOL1020122
BA LLB
8th Semester
Sec- B
What is Tax Evasion?
Why it matters?
Tax evasion is facilitated via complicated and opaque company structures and
hidden business enterprise ownership. Governments need to set up mandatory,
public registers that divulge the beneficial possession of believe budget and groups
to hint the waft of dirty cash less complicated. better company transparency gives
statistics that may monitor behaviour.
Excessive Corruption:
through non-stop dodging of tax through some business entities they manipulate to
collect a excessive quantity of unlawful profits which is in addition used for dodging
taxes when the costs of tax is going up.
Increment of insufficiency:
due to evasion of tax the illicit business gets more urge and this is why the people
get disadvantaged from the necessities for their growth and evolution. due to this
rich humans simply save the money and enjoy to the fullest but the situations of
negative human beings get extra worse.
CASE LAW
R.K Garg vs. UOI
In the present case the question upon the measure taken by government i.e disclosure
of having possession of black money, was challenged. In this case the contention
was raised that this measure is taken only to avoid the crime related to tax evasion
which are becoming the white collar crimes and this is not to encourage such kind
of activities because this will help only to get back all the money which has been
taken over and hide by the people.
This was just an initiative to disclose all that money which has been taken wrongfully
by the criminals through tax evasion. This was later considered as a helpful measure
because it ultimately helps in stopping such kind of things as the Indian govt. Does
not have complete set of effective rules that is why it is to be considered a good
method.
.
References