Filing 'nil' return doesn't protect against penalties under Income Tax Act Section 158BFA(2); must respond to Section 158BD notice. https://www.taxtmi.com/highlights?id=6729 Penalty u/s 158BFA (2) - the party seeking protection from the penalty must file return pursuant to notice under section 158BD. - 'Nil return filed does not satisfy the proviso. - HC en-us Wed, 06 Feb 2013 08:25:07 +0530 Wed, 06 Feb 2013 08:25:07 +0530 TaxTMI RSS Generator Filing 'nil' return doesn't protect against penalties under Income Tax Act Section 158BFA(2); must respond to Section 158BD notice. https://www.taxtmi.com/highlights?id=6729 Penalty u/s 158BFA (2) - the party seeking protection from the penalty must file return pursuant to notice under section 158BD. - 'Nil return filed does not satisfy the proviso. - HC Highlights Income Tax Wed, 06 Feb 2013 08:25:07 +0530 https://www.taxtmi.com/highlights?id=6729