Penalty u/s 221 - The assessee has not sufficient funds on the ...

Assessee Faces Discretionary Penalty u/s 221 for Insufficient Funds to Pay Due Tax on Filing Date.

January 26, 2014

Case Laws Income Tax AT

Penalty u/s 221 - The assessee has not sufficient funds on the date of return of income to pay tax - The levy of penalty under section 221 is discretionary in view of the second proviso to section 221 - AT

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Penalty u/s 221 - The assessee has not sufficient funds on the ...

Assessee Faces Discretionary Penalty u/s 221 for Insufficient Funds to Pay Due Tax on Filing Date.

January 26, 2014

Case Laws Income Tax AT

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