https://www.taxtmi.com/caselaws?id=759283 The Madras HC dismissed a petition seeking to quash prosecution proceedings under Section 276CC of the Income Tax Act for non-filing of returns. The assessee argued he had no taxable income and should benefit from the Rs. 3,000 exemption under proviso B. The court held that the Rs. 3,000 exemption applies only when a regular assessment is framed. Since no regular assessment was conducted in this case, following precedents from Patna HC and Kerala HC, the assessee cannot claim protection under the proviso. The court directed the petitioner to face trial and present his defense during proceedings. en-us Wed, 11 Sep 2024 00:00:00 +0530 Wed, 25 Sep 2024 18:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759283 The Madras HC dismissed a petition seeking to quash prosecution proceedings under Section 276CC of the Income Tax Act for non-filing of returns. The assessee argued he had no taxable income and should benefit from the Rs. 3,000 exemption under proviso B. The court held that the Rs. 3,000 exemption applies only when a regular assessment is framed. Since no regular assessment was conducted in this case, following precedents from Patna HC and Kerala HC, the assessee cannot claim protection under the proviso. The court directed the petitioner to face trial and present his defense during proceedings. Case-Laws Income Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759283