Penalty u/s. 221(1) r.w. Section 140A (3) – assessee in default ...
Assessee faces penalties for late tax payment; Section 140A non-compliance leads to default u/s 221(1).
October 22, 2013
Case Laws Income Tax AT
Penalty u/s. 221(1) r.w. Section 140A (3) – assessee in default - payment of tax, along with interest, after due dates cannot be considered a sufficient cause for adhering to the provisions of section 140A of the Act - AT
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