AO levied penalty u/s 271(1)(c) as assessee failed to file ...

Contractor penalized for not filing tax returns despite Rs. 2.5 crore receipts, defying statutory norms during assessment.

December 19, 2024

Case Laws Income Tax AT

AO levied penalty u/s 271(1)(c) as assessee failed to file return u/s 139 or in response to notice u/s 148, despite receiving substantial contract receipts of Rs. 2.5 crore. ITAT upheld penalty, rejecting assessee's plea that addition was estimated, as assessee defied statutory requirements and didn't furnish details during assessment proceedings. Assessee's contention of auditor's failure being the cause was rejected, as filing return u/s 139 is assessee's responsibility. Penalty confirmed.

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AO levied penalty u/s 271(1)(c) as assessee failed to file ...

Contractor penalized for not filing tax returns despite Rs. 2.5 crore receipts, defying statutory norms during assessment.

December 19, 2024

Case Laws Income Tax AT

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