Tax Return Invalid if Filed Late u/s 153A; No Penalty u/s 271F for Timely Non-Filing.

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....Penalty u/s. 271F - The filing of return beyond the due date is admittedly invalid return as there is no provision for filing the return belatedly once notice u/s.153A has been issued. This being so, we are of the view that the assessee had a valid ground for non-filing of return. - No penalty - AT....