Prosecution not sustainable when Tax payable after Credit of prepaid Taxes less than Rs 3000: Madras HC [Read Order]

Tax payable - Prosecution - Sustainable - Prosecution not Sustainable - Credit of Prepaid Taxes - Prepaid Taxes - taxscan

The Madras High Court recently observed that the prosecution is not sustainable when tax payable after credit of prepaid taxes is less than Rs 3000. The respondent, the Deputy Commissioner of Income Tax, filed complaint for the offence punishable under Section 276CC of the Income Tax Act for non filing of income tax return for…

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