Income Tax Prosecution Quashed as Officer Lacked Jurisdiction to File Complaint: Madras HC

B. Mohammad Iqbal Vs ACIT (Madras High Court) The Madras High Court quashed prosecution proceedings initiated under Section 276CC of the Income Tax Act, 1961 for alleged wilful failure to file income tax return for Assessment Year 2014-15. The complaint had been filed before the Additional Chief Metropolitan Magistrate (Economic Offences), Chennai, alleging that the petitioner failed to file return despite sale of immovable property for Rs.75 lakhs during the relevant financial year. The petitioner contended that the Assistant Commissioner of Income Tax who filed the complaint had no jurisdict...