Assessing Penalties for non-filing of ITR: A Deep Dive into Section 271F of the Income Tax Act

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..... of the assessee to file their income tax return for the Assessment Year 2015-16 by the due date, as required under Section 139(1) of the Income Tax Act, 1961 . Penalty Imposed : The Assessing Officer imposed a penalty of Rs. 5,000/- on the assessee under Section 271F of the Income Tax Act for the mentioned non-filing of the income tax return. Appeal to CIT(A) : The asse .....

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..... tion of the assessment order under Section 147 of the Act, and the judgment evaluates whether this timing was appropriate. Reasoning for Penalty : The judgment provides reasoning for upholding the penalty under Section 271F , emphasizing the requirement for timely filing of the original return of income and the lack of a valid reason for the delay in doing so. The conclusion o .....

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