Penalty u/s 271(1)(b) - Even if a minimum penalty is prescribed, ...

Section 271(1)(b) of Income Tax Act allows discretion to waive penalties for minor or technical breaches.

February 14, 2014

Case Laws Income Tax AT

Penalty u/s 271(1)(b) - Even if a minimum penalty is prescribed, the authority competent to impose the penalty will be justified in refusing to impose penalty, when there is a technical or venial breach of the provisions of the Act - AT

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Penalty u/s 271(1)(b) - Even if a minimum penalty is prescribed, ...

Section 271(1)(b) of Income Tax Act allows discretion to waive penalties for minor or technical breaches.

February 14, 2014

Case Laws Income Tax AT

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