https://www.taxtmi.com/caselaws?id=439143 Wilful failure to file an income-tax return where the company had taxable income was treated as sufficient to attract penal liability when the defence of financial difficulty and business loss was not supported by credible evidence. The court relied on documentary material and witness evidence to hold that the notices and sanction were duly signed and that the company officers were responsible for the conduct of business, thereby fixing liability on the directors. At sentencing, the offence was treated as an economic offence and probation was refused, with custodial sentence and fine imposed. en-us Mon, 17 Apr 2023 00:00:00 +0530 Sat, 17 Jun 2023 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439143 Wilful failure to file an income-tax return where the company had taxable income was treated as sufficient to attract penal liability when the defence of financial difficulty and business loss was not supported by credible evidence. The court relied on documentary material and witness evidence to hold that the notices and sanction were duly signed and that the company officers were responsible for the conduct of business, thereby fixing liability on the directors. At sentencing, the offence was treated as an economic offence and probation was refused, with custodial sentence and fine imposed. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439143