Penalty u/s 271FA - non-compliance with the provisions of ...

High Court dismisses petition; upholds penalty u/s 271FA for 525-day delay in filing returns. Reduced penalty imposed.

July 21, 2023

Case Laws Income Tax HC

Penalty u/s 271FA - non-compliance with the provisions of Section 285BA(1)(b) - non filing of a return in time - The respondents had specifically considered the contention raised by the petitioner and had held that the reasons stated by the petitioner do not constitute a reasonable cause to excuse their delay of 525 days in submitting the returns. It is also clear that though the provision permits the imposition of Rs.500/- per day as penalty only Rs.100/- per day has been inflicted. - Petition dismissed - HC

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Penalty u/s 271FA - non-compliance with the provisions of ...

High Court dismisses petition; upholds penalty u/s 271FA for 525-day delay in filing returns. Reduced penalty imposed.

July 21, 2023

Case Laws Income Tax HC

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