Man skipped filing ITR and got tax notice so he declared Rs 12.9 lakh income; department imposed 200% penalty of Rs 3.99 lakh on taxable amount, but ITAT cancels it
If a taxpayer is not told which specific legal provision forms the basis of the proposed penalty, the subsequent penalty proceedings are vitiated. (Image for representative purpose only) You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty…
