Penalty u/s 271B - imposition of penalty u/s 271B is ...
Section 271B: Penalty for Non-Compliance is Discretionary, Not Mandatory, if Reasonable Cause Exists.
March 29, 2019
Case Laws Income Tax HC
Penalty u/s 271B - imposition of penalty u/s 271B is discretionary not mandatory as word used in section is "may" - no penalty if there is existence of reasonable cause.
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