Penalty and Prosecution

Tax and revenue laws of India prescribe imposition of significant fines and penalty, in addition to prosecution and potential imprisonment in consequence thereof, depending on the offence or non-compliance alleged and other relevant factors. Mahesh Kumar & Co. (MKC) is a specialist in this field and provides advisory, consultation and representation services in respect of penalty and prosecution proceedings before various law courts and tax authorities like Assessing Officer, Commissioner of Appeals, Dispute Resolution Panel (DRP), Authority of Advance Ruling (AAR), Income Tax Appellate Tribunal (ITAT).

From a risk management perspective, MKC underscores the importance of diligent tax planning and compliance. Taxpayers should ensure accurate bookkeeping, timely tax payments, and the prompt filing of required returns and statements. In the event of inadvertent defaults, immediate corrective measures and voluntary disclosures can be mitigating factors. MKC stands ready to assist in conducting comprehensive compliance audits and providing representation in disputes. Engaging with our legal expertise can provide taxpayers with a shield against the legal consequences of stringent tax laws and preserve their interests.