Penalty u/s.140A(3) r.w.s. 221 - assessee failed to pay ...

Case Laws Income Tax

August 27, 2015

Penalty u/s.140A(3) r.w.s. 221 - assessee failed to pay self-assessment tax - levy of penalty by the u/s.221(1) is discretionary and not automatic. - for levy of penalty u/s. 221 such default must be wilful and not merely accidental. - AT

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Penalty u/s.140A(3) r.w.s. 221 - assessee failed to pay ...

Case Laws Income Tax

August 27, 2015

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