19 April 2015
Permission of CIT required invoking section 119(2)(b) only where there is refund involved. You can submit the manual return at your Jurisdiction if it is not a refund case. E filing not possible. A penalty of Rs 5000/- may be levied by AO u/s 271F. Rs 5000/- is maximum penalty after giving assessee an reasonable opportunity of being heard. Also check out the replies from link given below:
CAclubindia
