Validity of launching prosecution for not filing ITR after paying tax

The Madras High Court in Raman Krishna Kumar v. Dy.CIT (2021) 131 taxmann.com 341 (Mad) has held that if the assessee after paying tax omits to file return of income, prosecution proceeding could be initiated by virtue of sections 276CC and 276C and also taking note of the presumption about the mental status of the assesseebeing referred to in section 278E of the Act.The Madras High Court in Raman Krishna Kumar v. Dy.CIT (2021) 131 taxmann.com 341 (Mad) has held that if the assessee after paying tax omits to file return of income, prosecution proceeding could be initiated by virtue of sections 276CC and 276C and also taking note of the presumption about the mental status of the assesseebeing referred to in section 278E of the Act.taxmann.com Latest ArticlesRead More

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