Income Tax - Highlights / Catch Notes
Income Tax - Penalty u/s. 271F - The filing of return beyond the due date...
Penalty u/s. 271F - The filing of return beyond the due date is admittedly invalid return as there is no provision for filing the return belatedly once notice u/s.153A has been issued. This being so, we are of the view that the assessee had a valid ground for non-filing of return. - No penalty - AT