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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Levy a penalty u/s 271G - default of non-submission of documents ...


Penalty Deleted for Late Document Submission; No Malafide Intent Found u/s 271G of Income Tax Act.

November 26, 2019

Case Laws     Income Tax     AT

Levy a penalty u/s 271G - default of non-submission of documents within stipulated period as required u/s 92D(3) - Though there is a delay on the part of the assessee to file the requisite documents but ultimately documents have been filed and assessment has been framed and moreover no malafide on the part of the assessee not to comply with the provisions - Penalty deleted.

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