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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

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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