Levy of penalty u/s 221(1) - Assessee did not pay ...

Income Tax

October 7, 2015

Levy of penalty u/s 221(1) - Assessee did not pay self-assessment tax but filed return of income on due date - Penalty under section 221(1) is not automatic and mandatory. - Since it has bonafide reasons, penalty waived - AT

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Levy of penalty u/s 221(1) - Assessee did not pay ...

Income Tax

October 7, 2015

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