The accused was having taxable income for A.Y. 2014\u00ad- 2015 . The director of the company by written submission stated that the profit of company had reduced for A.Y. 2014\u00ad2015 and the accused has financial difficulties, \u00a0therefore, the return was not filed. As the accused have failed to file their return within stipulated time. However the Commissioner was not satisfied with the explanation hence the\u00a0\u00a0 complaint was filed with the\u00a0 competent magistrate court\u00a0 . The audit report \u00a0is the crux of the case which is a document of the accused and not denied by them wherein the amount is given. In the balance sheet the profit of Rs.10,00,00,000\/\u00ad and turnover of Rs.1,19,00,00,000\/\u00ad is mentioned. Accused have certain sources to file the return, even though they did not file the same. Defence witness has admitted that the audit report is found in their business premises.\u00a0 The Court held that the accused failed to prove the delay in filing of the return and they are habitual offenders . Accordingly the\u00a0 Court\u00a0 awarded minimum six months of rigours imprisonment as prescribed under section 276CC of the Income -tax Act\u00a0 .C. C.NO.276\/SW\/2018 dt. 17 -4 -2023)) ( AY. 2015 -16\u00a0 )<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 276CC : Offences and prosecutions – Failure to furnish return of income – Return filed late \u2013 Directors of the firm held guilty \u2013 Sent to rigorous imprisonment for six months . [ S. 139 , 278E CPC , 248( 2 ), 313 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34916","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-95a","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34916"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34916\/revisions"}],"predecessor-version":[{"id":34917,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34916\/revisions\/34917"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}