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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

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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