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Penalty u/s. 271(F) - non furnishing the return within the due date - bonafide belief that income was not taxable - There was reasonable cause for the failure of the assessee to comply with the provisions of the Act - No penalty - Tri

Income Tax - Penalty u/s. 271(F) - non furnishing the return within the due date - bonafide belief that income was not taxable - There was reasonable cause for the failure of the assessee to comply with the provisions of the Act - No penalty - Tri - TMI Updates - Highlights .....

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