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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Penalty u/s 271FA - delay of 561 days in furnishing AIR u/s ...

Income Tax

November 5, 2016

Penalty u/s 271FA - delay of 561 days in furnishing AIR u/s 285BA - No mala fides can be attributed to the assessee so as to invoke the penalty proceedings under section 271FA - t the breach is only technical or venial breach of the provisions of the Act and such a breach could have flown from a bona fide ignorance of the assessee - AT

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