https://www.taxtmi.com/highlights?id=55890 Penalty u/s. 271F - assessee failed to file his return of income within the time prescribed u/s. 139(1) - The reasons referred to the assessee being an agriculturist and illiterate; facing financial and family problems; under the impression that gain arising from sale of any agricultural land not chargeable to tax. - the case gets covered u/s. 273B of the Act. As such, we order to delete the penalty - AT en-us Tue, 15 Dec 2020 14:46:21 +0530 Tue, 15 Dec 2020 14:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55890 Penalty u/s. 271F - assessee failed to file his return of income within the time prescribed u/s. 139(1) - The reasons referred to the assessee being an agriculturist and illiterate; facing financial and family problems; under the impression that gain arising from sale of any agricultural land not chargeable to tax. - the case gets covered u/s. 273B of the Act. As such, we order to delete the penalty - AT Highlights Income Tax Tue, 15 Dec 2020 14:46:21 +0530 https://www.taxtmi.com/highlights?id=55890