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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Penalty u/s 271FA r.w.s. 274 - non filing of AIR return without ...


Penalty Imposed for Non-Filing of Annual Information Return u/ss 271FA & 274 of Income Tax Act.

May 18, 2019

Case Laws     Income Tax     AT

Penalty u/s 271FA r.w.s. 274 - non filing of AIR return without considering reasonable cause - penalty will be justified and it will be a message to the government authorities, so that in future such casual approach should not be taken and compliance to the statutory requirements including reply of notices by Income Tax Department should be adhered to

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