https://www.taxtmi.com/caselaws?id=178262 A statutory tax return must be in the prescribed form, verified as required, and set forth total income; omissions or substantive non compliance convert the submission into an invalid return. The described defects - income figures qualified by "about", omission of the period in the verification, and failure to supply Note 5(a) mercantile system details - were held to affect the character of the filing so it could not be treated as a valid return. Consequently the filing may be treated as no return for assessment purposes, enabling assessment under the Act's default provisions and exposing the filer to penalties including prosecution for false returns. 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 statutory tax return must be in the prescribed form, verified as required, and set forth total income; omissions or substantive non compliance convert the submission into an invalid return. The described defects - income figures qualified by "about", omission of the period in the verification, and failure to supply Note 5(a) mercantile system details - were held to affect the character of the filing so it could not be treated as a valid return. Consequently the filing may be treated as no return for assessment purposes, enabling assessment under the Act's default provisions and exposing the filer to penalties including prosecution for false returns. Case-Laws Income Tax Thu, 21 Jun 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178262