Penalty u/s. 271D - contravention to Section 269SS - reasonable ...

Income Tax

January 23, 2023

Penalty u/s. 271D - contravention to Section 269SS - reasonable cause - staff filled the name of the depositor correctly but the account number was wrongly mentioned - Assessee has proved a reasonable cause of wrongly coating the bank account number of the sister concern which was rectified the next day itself. Thus it is not a fit case for imposition of penalty u/s. 271D r.w.s. 273B of the Act. - AT

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Penalty u/s. 271D - contravention to Section 269SS - reasonable ...

Income Tax

January 23, 2023

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