No Penalty for Late Tax Return Filing: Reasonable Cause Accepted u/s 271B, Rule 12(2) Not Applicable. https://www.taxtmi.com/highlights?id=46933 Penalty u/s 271B - violation of section 44AB - TAR obtain within time but filed with belated return - amended Rule 12(2) w.e.f 01.04.2013 - when the amended rule was not applicable as on 30th September, 2012, the assessee has made out the clear case of reasonable cause - no penalty en-us Mon, 03 Jun 2019 09:40:17 +0530 Mon, 03 Jun 2019 09:40:17 +0530 TaxTMI RSS Generator No Penalty for Late Tax Return Filing: Reasonable Cause Accepted u/s 271B, Rule 12(2) Not Applicable. https://www.taxtmi.com/highlights?id=46933 Penalty u/s 271B - violation of section 44AB - TAR obtain within time but filed with belated return - amended Rule 12(2) w.e.f 01.04.2013 - when the amended rule was not applicable as on 30th September, 2012, the assessee has made out the clear case of reasonable cause - no penalty Highlights Income Tax Mon, 03 Jun 2019 09:40:17 +0530 https://www.taxtmi.com/highlights?id=46933