No Penalty for Non-Payment of Self-Assessment Tax: Assessee Proves Valid Reason and Pays Full Amount.

No Penalty for Non-Payment of Self-Assessment Tax: Assessee Proves Valid Reason and Pays Full Amount. https://www.taxtmi.com/highlights?id=18377 Penalty u/s 140A(3) – Self assessment tax not paid – assessee has satisfied that there was a good and sufficient reason for the default – no penalty should be levied especially, when the assessee has later on deposited the entire amount - AT en-us Thu, 01 May 2014 09:38:27 +0530 Thu, 01 May 2014 09:38:27 +0530 TaxTMI RSS Generator No Penalty for Non-Payment of Self-Assessment Tax: Assessee Proves Valid Reason and Pays Full Amount. https://www.taxtmi.com/highlights?id=18377 Penalty u/s 140A(3) – Self assessment tax not paid – assessee has satisfied that there was a good and sufficient reason for the default – no penalty should be levied especially, when the assessee has later on deposited the entire amount - AT Highlights Income Tax Thu, 01 May 2014 09:38:27 +0530 https://www.taxtmi.com/highlights?id=18377