Prosecution for non-furnishing of return not sustained due to relief available under proviso to section 276CC

Manav Menon Vs DCIT (Madras High Court) Madras High Court held that initiation of prosecution for the offence punishable u/s. 276CC of the Income Tax Act cannot be sustained as proviso to section 276CC grants relief to assessee when tax payable determined by regular assessment, as reduced by advance tax paid and TDS, does not exceed Rs.3,000/-. Facts- The respondent filed complaint for the offence punishable u/s. 276CC of the Income Tax Act for non filing of income tax return for the assessment year 2013-2014. The crux of the complaint is that the accused is an assessee within the jurisdiction...