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Income Tax - Highlights / Catch Notes

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Penalty levied u/s 271F - assessee had failed to furnish return ...

Case Laws     Income Tax

July 23, 2022

Penalty levied u/s 271F - assessee had failed to furnish return of income within due date - from the submission of assessee, we find that the assessee has a reasonable cause for not filing the return of income on the pretext that he is not having taxable income. AO has not brought on record that the assessee is habitual in filing return belatedly. - AT

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