Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clause 481 of the Income Tax Bill 2025: Non-compliance with section 268 notice can lead to jail and fines.</h1> Clause 481 of the Income Tax Bill, 2025, addresses the offense of willfully failing to produce required accounts and documents as specified in a notice under section 268(1) or failing to comply with a direction under section 268(5). Such non-compliance is punishable by rigorous imprisonment for up to one year and may also incur a fine. This provision is part of the broader framework of offenses and prosecutions related to income taxation.
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