Wilful failure to furnish return in search cases creates criminal liability, exposing taxpayers to imprisonment and fines. Clause 480 penalises a person who, following a search and pursuant to a notice under section 294(1)(a), wilfully fails to furnish a return of income ... Summary
Wilful failure to furnish return in search cases creates criminal liability, exposing taxpayers to imprisonment and fines.
Clause 480 penalises a person who, following a search and pursuant to a notice under section 294(1)(a), wilfully fails to furnish a return of income within the prescribed time. The provision requires proof of deliberate non compliance, treats the offence as criminal, and prescribes imprisonment along with a court levied fine, while prosecutions remain subject to ordinary criminal procedure and due process safeguards.
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