https://www.taxtmi.com/highlights?id=45479 Penalty u/s 271B - imposition of penalty u/s 271B is discretionary not mandatory as word used in section is "may" - no penalty if there is existence of reasonable cause. en-us Fri, 29 Mar 2019 09:05:09 +0530 Fri, 29 Mar 2019 09:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45479 Penalty u/s 271B - imposition of penalty u/s 271B is discretionary not mandatory as word used in section is "may" - no penalty if there is existence of reasonable cause. Highlights Income Tax Fri, 29 Mar 2019 09:05:09 +0530 https://www.taxtmi.com/highlights?id=45479