https://www.taxtmi.com/caselaws?id=237622 The court upheld the penalty imposed on the petitioner for failing to file a return of income, dismissing the writ petitions. The court found that the retrospective effect of the amendment to Section 80(J)(3) of the Income Tax Act did not absolve the petitioner from their obligation to file a return. The petitioner's failure to provide a defense or explanation before the Assessing Officer led to the penalty being upheld, with the court emphasizing the importance of complying with statutory obligations. The court also rejected arguments regarding bonafide belief, ignorance, and the validity of orders passed by the Assessing Officer and revisional authority. en-us Tue, 03 Sep 2013 00:00:00 +0530 Wed, 02 Oct 2013 23:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237622 The court upheld the penalty imposed on the petitioner for failing to file a return of income, dismissing the writ petitions. The court found that the retrospective effect of the amendment to Section 80(J)(3) of the Income Tax Act did not absolve the petitioner from their obligation to file a return. The petitioner's failure to provide a defense or explanation before the Assessing Officer led to the penalty being upheld, with the court emphasizing the importance of complying with statutory obligations. The court also rejected arguments regarding bonafide belief, ignorance, and the validity of orders passed by the Assessing Officer and revisional authority. Case-Laws Income Tax Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237622