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2023 (4) TMI 1092 - AT - Income TaxPenalty u/s 271F - Deduction u/s 80P denied - Delay in filling return - due tax was deposited on 11.11.2019 but return was filed on 04.09.2022 - HELD THAT:- Coordinate Bench in case of Shankar Lal Kumawat [2020 (7) TMI 683 - ITAT JAIPUR] wherein the Coordinate Bench has held “that where assessee had not filed its return of income on ground that his income did not exceed maximum non-taxable amount as his income was exempt under section 54, in view of fact that assessee’s total income without giving effect to provision of section 54 came to an amount which exceeded maximum amount not chargeable to tax, assessee was required to file his return of income, and the penalty under section 271F levied upon him was justified.” When the assessee is not filing the return of income in the proceedings before the lower authorities and did not file justification for the same the levy of penalty by the lower authorities sustained. Appeal of the assessee is dismissed.
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