Delay in filing income tax return results into imposition of penalty and prosecution: Karnataka HC

Rajkumar Agarwal Vs Income Tax Department (Karnataka High Court) Karnataka High Court held that delay in filing of income tax returns results into imposition of penalty and prosecution. Payment of penalty for delay in filing return doesn’t exonerate petitioner from being prosecuted. Facts- The respondent had filed four separate private complaints under section 200 of Cr.P.C against the petitioner herein for offence punishable u/s. 276CC of Income Tax Act 1961, after obtaining necessary sanction orders from the Competent Authority to prosecute the petitioner for the aforesaid offence. Allegat...