https://www.taxtmi.com/acts?id=11899 Failure to furnish returns of tax bases is a prosecutable offence where a person wilfully omits to file required returns under section 144 or in response to notices under sections 146 or 159; the statute prescribes higher and lower tiers of imprisonment and daily fines according to the scale of tax that would have been evaded. Exceptions bar prosecution if the return is filed within the specified filing windows or where the net tax payable after adjustments does not exceed a defined threshold. en-us Fri, 17 Sep 2010 11:47:35 +0530 Fri, 17 Sep 2010 11:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11899 Failure to furnish returns of tax bases is a prosecutable offence where a person wilfully omits to file required returns under section 144 or in response to notices under sections 146 or 159; the statute prescribes higher and lower tiers of imprisonment and daily fines according to the scale of tax that would have been evaded. Exceptions bar prosecution if the return is filed within the specified filing windows or where the net tax payable after adjustments does not exceed a defined threshold. Act-Rules Bill Fri, 17 Sep 2010 11:47:35 +0530 https://www.taxtmi.com/acts?id=11899