https://www.taxtmi.com/highlights?id=50852 Penalty u/s 271F - assessee could not file the return of income because of preoccupation of the employment - there was a refund due, non filing of return of income within specified time u/s. 139(1) of the Act has to be considered as a bonafide belief and the said bonafide belief is to be treated as reasonable cause for non furnishing the return before the end of the assessment year. - No penalty en-us Mon, 23 Dec 2019 17:00:04 +0530 Mon, 23 Dec 2019 17:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50852 Penalty u/s 271F - assessee could not file the return of income because of preoccupation of the employment - there was a refund due, non filing of return of income within specified time u/s. 139(1) of the Act has to be considered as a bonafide belief and the said bonafide belief is to be treated as reasonable cause for non furnishing the return before the end of the assessment year. - No penalty Highlights Income Tax Mon, 23 Dec 2019 17:00:04 +0530 https://www.taxtmi.com/highlights?id=50852