https://www.taxtmi.com/caselaws?id=178262 A return furnished under the Income-tax Act, 1922 must comply substantially with the prescribed form, verification requirements and disclosure of total income for the relevant previous year. A return containing vague income figures, omitting the accounting period in the verification, and failing to give the particulars required for mercantile-system accounts was treated as materially defective rather than merely irregular. Such defects meant the document could not be regarded as a proper statutory return and would not satisfy the notice issued under the Act. The reasoning also supported the view that the assessee could not rely on the document as a valid return in defence of prosecution for non-filing. en-us Thu, 21 Jun 1934 00:00:00 +0530 Mon, 01 Feb 2016 12:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178262 A return furnished under the Income-tax Act, 1922 must comply substantially with the prescribed form, verification requirements and disclosure of total income for the relevant previous year. A return containing vague income figures, omitting the accounting period in the verification, and failing to give the particulars required for mercantile-system accounts was treated as materially defective rather than merely irregular. Such defects meant the document could not be regarded as a proper statutory return and would not satisfy the notice issued under the Act. The reasoning also supported the view that the assessee could not rely on the document as a valid return in defence of prosecution for non-filing. Case-Laws Income Tax Thu, 21 Jun 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178262