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No Presumption Under Law That Every Unaccounted Transaction Leads To Imposition Of Tax : Karnataka HC Gives Relief To DK Shivakumar

Share This - x In a relief to Congress leader D K Shivakumar, the Karnataka High Court on Monday dismissed an appeal filed by the Income Tax Department against an order of the special court discharging him in an alleged case of tax evasion. A single bench of Justice John Michael Cunha while dismissing three petitions filed by the department said I do not find any justifiable reason to interfere with the impugned orders. As the prosecution initiated against the respondent is bad in law and contrary to the procedure prescribed under the Code of Criminal Procedure and the provisions of the Income Tax Act.

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