https://www.taxtmi.com/highlights?id=52568 Penalty imposed u/s 221(1) r.w.s. 140A(3) - non-payment of self-assessment tax - Return of Income as filed u/s 139(1) itself was declared an invalid Return - scope of Sec.140A(3) - without there being any requisite corresponding amendment to Sec. 221 of the Act in consonance with the amendments carried out in Sec. 140A(3) of the Act w.e.f. 01.04.1989, the Assessing Officer erred in levying the impugned penalty. en-us Thu, 26 Mar 2020 12:27:55 +0530 Thu, 26 Mar 2020 12:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52568 Penalty imposed u/s 221(1) r.w.s. 140A(3) - non-payment of self-assessment tax - Return of Income as filed u/s 139(1) itself was declared an invalid Return - scope of Sec.140A(3) - without there being any requisite corresponding amendment to Sec. 221 of the Act in consonance with the amendments carried out in Sec. 140A(3) of the Act w.e.f. 01.04.1989, the Assessing Officer erred in levying the impugned penalty. Highlights Income Tax Thu, 26 Mar 2020 12:27:55 +0530 https://www.taxtmi.com/highlights?id=52568