Advance knowledge of tax liability is factor in determining penalty

The High Court of Delhi dismissed an appeal on the simultaneous levy of penalties, with the court observing that advance knowledge of the tax liability was a factor to consider in determining the penalty liability.

Whenever any Tax is not paid intentionally then the penalty may be applicable even if the tax is deposited before the show cause notice.

Read an August 2018 report [PDF 562 KB] of KPMG