Filing tax returns prevents penalties and potential prosecution under income tax law for those with taxable income. Filing a return is not disadvantageous; failure to file despite having taxable income exposes the taxpayer to penalty provisions and potential prosecution under the income-tax legal framework, and timely filing is a compliance measure that avoids statutory sanctions associated with unreported taxable income.
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Provisions expressly mentioned in the judgment/order text.
Filing tax returns prevents penalties and potential prosecution under income tax law for those with taxable income.
Filing a return is not disadvantageous; failure to file despite having taxable income exposes the taxpayer to penalty provisions and potential prosecution under the income-tax legal framework, and timely filing is a compliance measure that avoids statutory sanctions associated with unreported taxable income.
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