Exemption from Penalty u/s 273B

  • Income Tax

No penalty u/s 271A due to Bonafide belief that assessee was covered u/s 44AF – ITAT

No penalty u/s 271A when assessee was under Bonafide belief that being covered under section 44AF he was not required…

5 years ago
  • Income Tax

Penalty u/s 271D unjustified when bank refused loan

Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was…

5 years ago
  • Income Tax

Tax deduction by bank before close of financial year do not absolve penalty u/s 271C

Tax deduction by bank before close of financial year would not absolve penalty u/s 271C for non deduction of TDS…

5 years ago