Income Tax - Highlights / Catch Notes
Income Tax - Penalty u/s 271(1)(c) - assessee had not filed return of...
Penalty u/s 271(1)(c) - assessee had not filed return of income despite having received salary income - the levy of penalty is not automatic. If the assessee makes out a case that the default was due to reasonable cause in that case, no penalty would be called for in terms of section 273B of the Act. - AT