Arjun Dada Kharate & Ors. v. DCIT

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The Tax PublishersITA Nos. 1594 & 1599/PUN/2017
2020 TaxPub(DT) 5357 (Pune-Trib)

INCOME TAX ACT, 1961

Section 271F

Where the assessee had a reasonable cause for failure of filing return under section 139(1), as per section 273B, no penalty could be imposed under section 271F.

Penalty undre section 271F - Leviability - Reasonable cause for failure of filing return under section 139(1) -

Assessee was in default in filing return under section 139(1) against which penalty was imposed under section 271F. Held: There was reasonable cause on the part of the assessee in not filing return under section 139(1). Thus, as per section 273B no penalty shall be imposed, inter alia, under section 271F.

REFERRED :

FAVOUR : In favour of assesse.

A.Y. : 2011-12

IN THE ITAT, PUNE BENCH