https://www.taxtmi.com/caselaws?id=438548 The appellant, a legal professional, failed to file income tax returns for the Assessment Year 2012-13. Despite citing financial difficulties and an accountant's departure, the penalty under section 271F of the Income Tax Act, 1961 was upheld. The appellant's argument of exemption for income from a partnership firm was rejected due to their legal expertise. The Tribunal found the reasons insufficient to delete the penalty, leading to the dismissal of the appeal. Ms. Kavitha Rajagopal, JM, and Shri Prashant Maharishi, AM, delivered the judgment. en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 22:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438548 The appellant, a legal professional, failed to file income tax returns for the Assessment Year 2012-13. Despite citing financial difficulties and an accountant's departure, the penalty under section 271F of the Income Tax Act, 1961 was upheld. The appellant's argument of exemption for income from a partnership firm was rejected due to their legal expertise. The Tribunal found the reasons insufficient to delete the penalty, leading to the dismissal of the appeal. Ms. Kavitha Rajagopal, JM, and Shri Prashant Maharishi, AM, delivered the judgment. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438548