High Court Quashes Tax Evasion Prosecution Citing Lack of Wilful Intent and Mens Rea.
Highlights of the Judgment:
- Statutory interpretation of "wilful attempt" under Section 276-C(2) of the Income Tax Act, 1961.
- The legal distinction between a "wilful attempt" to evade tax and a "wilful default" in payment.
- Mandatory requirement of establishing mens rea and a guilty mental state to sustain criminal prosecution.
- Evidentiary significance of a "Nil Dues Certificate" and full tax payment prior to the issuance of process.
- Application of precedents regarding the non-mechanical summoning of an accused in criminal matters.
- Examination of whether financial incapacity due to regulatory bans negates the intent to evade tax liability.