Penalty u/s. 271F - assessee failed to file his return of income ...

Case Laws Income Tax

December 15, 2020

Penalty u/s. 271F - assessee failed to file his return of income within the time prescribed u/s. 139(1) - The reasons referred to the assessee being an agriculturist and illiterate; facing financial and family problems; under the impression that gain arising from sale of any agricultural land not chargeable to tax. - the case gets covered u/s. 273B of the Act. As such, we order to delete the penalty - AT

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Penalty u/s. 271F - assessee failed to file his return of income ...

Case Laws Income Tax

December 15, 2020

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