by Anuradha
(Ahmedabad)
Penalty for delay in audit u/s 44AB is levied.
It is pleaded before the CIT (A) that owing to the continuous illness of the accountant it was delayed, however no evidence is available as to his illness.
This is the first offence of the appellant. He further pleaded that "the appellant had no intention to cause any loss to the revenue and as such the penalty is not necessarily required to be imposed by the assessing officer."
Please enlighten any case law to support his argument.
Comments for Penalty Income Tax Question
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by PRADEEP
(DELHI)
Is it possible for me to file an income tax return to claim TDS without incurring penalties under section 271F for the assessment year 2010-11 on October 12, 2011?
Details:
Gross Total Income: $30,000
TDS (Tax Deducted at Source): $3,000
Comments for Penalty US 271F
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