RSS

Penalty u/s 271(1)(b) of the Income tax act, 1961 is not for mere technical non-compliance but for actual but for actual or habitual defaulters.

08 Jan

The ITAT Delhi Bench-G in the case of Akhil Bhartiya Prathmik Shikshak Sangh Bhawan Trust vs. Assistant Director of Income-tax (2008) 115 TTJ (Delhi) 419 has held that if assessment order is passed u/s 143(3), and not u/s 144 then non-compliance is deemed to have been waived.

CA. K S Kohli
.

 
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Posted by on January 8, 2012 in Uncategorized

 

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