S. 276CC SC allows initiation of prosecution against Jayalalithaa for non filing of I.T. Return

Issue M/s Sasi Enterprises, the firm, did not file any returns for the assessment year 1991-92 and 1992-93, for which the firm and its partners are being prosecuted under Section 276CC of the Act. J. Jayalalitha and N. Sasikala did not file returns for the assessment year 1993-94 and hence they are being prosecuted for that breach (in their individual capacity) separately but not for the assessment years 1991-92 or 1992-93 and their returns have been filed as individual assessee by them for the assessment years 199 1 -92 and 1992-93, though belatedly on 20.11.1994 and 23.02.1994 respectively. ...