Taxpayer Penalized u/s 271F for Late Income Return Filing Post Section 148 Notice Without Explanation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Levy of penalty u/s. 271F - assessee has filed the Return of Income after issuance of notice u/s. 148 of the Act, even though the taxable income of the assessee is higher, who is liable to file regular Return of Income u/s. 139(1) - The assessee offered no explanation - Levy of penalty confirmed - AT....