Levy of penalty u/s 221(1) - Assessee did not pay ...

Penalty Waived for Late Self-Assessment Tax Due to Bona Fide Reasons u/s 221(1) of Income Tax Act.

October 7, 2015

Case Laws Income Tax AT

Levy of penalty u/s 221(1) - Assessee did not pay self-assessment tax but filed return of income on due date - Penalty under section 221(1) is not automatic and mandatory. - Since it has bonafide reasons, penalty waived - AT

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Levy of penalty u/s 221(1) - Assessee did not pay ...

Penalty Waived for Late Self-Assessment Tax Due to Bona Fide Reasons u/s 221(1) of Income Tax Act.

October 7, 2015

Case Laws Income Tax AT

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