https://www.taxtmi.com/forum/issue?id=109261 A departmental communication under CIB-502 alleges non-filing of an income tax return tied to a commodities contract; the immediate obligation is to furnish the information requested, determine whether taxable income arose, and, if so, file the outstanding return and pay any tax, interest or penalties to regularise the taxpayer's position. en-us Fri, 09 Oct 2015 08:02:23 +0530 Thu, 23 Jan 2025 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109261 A departmental communication under CIB-502 alleges non-filing of an income tax return tied to a commodities contract; the immediate obligation is to furnish the information requested, determine whether taxable income arose, and, if so, file the outstanding return and pay any tax, interest or penalties to regularise the taxpayer's position. Discussion-Forum Income Tax Fri, 09 Oct 2015 08:02:23 +0530 https://www.taxtmi.com/forum/issue?id=109261