https://www.taxtmi.com/acts?id=52026 Wilful failure to furnish, within the prescribed time, the return of income disclosing undisclosed income for the block period, when required by notice, attracts prosecution and graded punishment based on the amount of tax involved. The punishment may extend to imprisonment up to two years, imprisonment up to six months, or fine alone, depending on whether the tax exceeds fifty lakh rupees, exceeds ten lakh rupees but does not exceed fifty lakh rupees, or falls in any other case. en-us Thu, 14 Aug 2025 18:43:02 +0530 Mon, 06 Apr 2026 15:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52026 Wilful failure to furnish, within the prescribed time, the return of income disclosing undisclosed income for the block period, when required by notice, attracts prosecution and graded punishment based on the amount of tax involved. The punishment may extend to imprisonment up to two years, imprisonment up to six months, or fine alone, depending on whether the tax exceeds fifty lakh rupees, exceeds ten lakh rupees but does not exceed fifty lakh rupees, or falls in any other case. Act-Rules Income Tax Thu, 14 Aug 2025 18:43:02 +0530 https://www.taxtmi.com/acts?id=52026