Penalty Income Tax Question

by Anuradha
(Ahmedabad)

Penalty Income Tax Question

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?

PENALTY U/S 271F

by PRADEEP
(DELHI)

CAN I FILE INCOME TAX RETURN TO CLAIM TDS WITHOUT PENALTY U/S 271F IN THE GIVEN CASE FOR A.Y. 2010-11 ON 12.10.2011


GROSS TOTAL INCOME 30000/-

TDS 3000/-

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