IT returns not filed for last three years

Querist : Anonymous (Querist) 03 August 2010 This query is : Resolved
In case IT returns are not filed for last three years what is the procedure and any penalty will be imposed

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soumitra basu (Expert) 05 August 2010
You can now file income tax return for the financial year 2008-09 and 2009-10. Penlaty u/s. 271F may be levied if you had taxable income during the financial year 2008-2009.

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