Director Prosecuted After 280-Day Delay in Appeal Due to Small Penalty Amount; Reasonable Cause Accepted u/ss 276/277.

Director Prosecuted After 280-Day Delay in Appeal Due to Small Penalty Amount; Reasonable Cause Accepted u/ss 276/277. https://www.taxtmi.com/highlights?id=45668 Condonation of delay of 280 days - not filed appeal against penalty being smallness of the amount - revenue has started prosecution of the Director by issuing notice u/s 276/277 - The assessee acted on the advice his tax advisor keeping in view the cost of litigation, which in our view is a reasonable cause en-us Thu, 04 Apr 2019 07:20:31 +0530 Thu, 04 Apr 2019 07:20:31 +0530 TaxTMI RSS Generator Director Prosecuted After 280-Day Delay in Appeal Due to Small Penalty Amount; Reasonable Cause Accepted u/ss 276/277. https://www.taxtmi.com/highlights?id=45668 Condonation of delay of 280 days - not filed appeal against penalty being smallness of the amount - revenue has started prosecution of the Director by issuing notice u/s 276/277 - The assessee acted on the advice his tax advisor keeping in view the cost of litigation, which in our view is a reasonable cause Highlights Income Tax Thu, 04 Apr 2019 07:20:31 +0530 https://www.taxtmi.com/highlights?id=45668