Wilful failure to file return in search cases triggers criminal liability, including imprisonment and fine under the proposed bill. Clause 480 creates a penal offence for the wilful failure to furnish a return of total income required by a statutory notice in search proceedings, ... Summary
Wilful failure to file return in search cases triggers criminal liability, including imprisonment and fine under the proposed bill.
Clause 480 creates a penal offence for the wilful failure to furnish a return of total income required by a statutory notice in search proceedings, prescribing imprisonment and a fine and thereby attaching criminal consequences to non compliance with the filing duty following such notice.
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