https://www.taxtmi.com/highlights?id=71029 Penalty u/s 271FA - non-compliance with the provisions of Section 285BA(1)(b) - non filing of a return in time - The respondents had specifically considered the contention raised by the petitioner and had held that the reasons stated by the petitioner do not constitute a reasonable cause to excuse their delay of 525 days in submitting the returns. It is also clear that though the provision permits the imposition of Rs.500/- per day as penalty only Rs.100/- per day has been inflicted. - Petition dismissed - HC en-us Fri, 21 Jul 2023 08:27:19 +0530 Fri, 21 Jul 2023 08:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71029 Penalty u/s 271FA - non-compliance with the provisions of Section 285BA(1)(b) - non filing of a return in time - The respondents had specifically considered the contention raised by the petitioner and had held that the reasons stated by the petitioner do not constitute a reasonable cause to excuse their delay of 525 days in submitting the returns. It is also clear that though the provision permits the imposition of Rs.500/- per day as penalty only Rs.100/- per day has been inflicted. - Petition dismissed - HC Highlights Income Tax Fri, 21 Jul 2023 08:27:19 +0530 https://www.taxtmi.com/highlights?id=71029