276CC. Failure to furnish returns of income If a person wilfully fails to furnish in due time the return of income
which he is required to furnish under sub- section (1) of section 139 or by notice given under clause (i) of subsection (1) of section 142 or section 148, he shall be punishable,-
(i) in a case where the amount of tax, which would have been evaded if the failure had not been discovered, exceeds 1 lakh, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine;
(ii) in any other case, with imprisonment for a term which shall not be less than three months but which may extend to three years and with fine:
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