https://www.taxtmi.com/caselaws?id=779338 Penalty under section 271F was held unsustainable because the assessee had received only compensation under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, which was treated as not taxable under section 96. Although the return was not filed within the due date under section 139(1), the non-filing penalty could not be supported where the underlying receipt itself was exempt from tax. The penalty was deleted, and the assessee succeeded on this issue. en-us Tue, 21 Jan 2025 00:00:00 +0530 Sat, 04 Oct 2025 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779338 Penalty under section 271F was held unsustainable because the assessee had received only compensation under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, which was treated as not taxable under section 96. Although the return was not filed within the due date under section 139(1), the non-filing penalty could not be supported where the underlying receipt itself was exempt from tax. The penalty was deleted, and the assessee succeeded on this issue. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779338