Soon You May Face Prosecution For Not Filing ITR On Time

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    In the Delhi High Court, it has been recently given an approval to initiate prosecution against individuals not filing ITR as well as not responding to notices sent to the concerned taxpayer.

    Soon You May Face Prosecution For Not Filing ITR On Time
     

    It has been held that the prosecution proceedings against such a person can be attempted even if assessment has not been finalized. The proceedings can be undertaken as per Section 276CC of the Income Tax Act, 1961. The decision for prosecution has been upheld even though taxpayer he submitted that for years under question there are no tax dues payable by the person and in fact there was due a tax refund amount for two of the years.

    So, as per tax experts, the scenario can result in dire consequences for taxpayers who default on filing ITR for whatever reason.

    In the case under which the Delhi High Court held the given order, the person failed to file return for 3 consecutive AYs and also did not responded to notices sent by the department. The IT officer initiated prosecution by filing criminal complaints on the taxpayer.

    The taxpayer then submitted that his response to the show cause notice has not been adequately construed as per the Tax Alert by Grant Thomton.

    Goodreturns.in

    Read more about: itr income tax return
    Story first published: Saturday, October 27, 2018, 12:38 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more