Will there be a pnalty if the ITR for AY 2010-11 is filled now and there is a claim of refund(even minimal ) and under what circumstance penalty u/s 271f is levied..kindly guide..
Nandan Sarma (Article Assistant) (325 Points)
27 March 2012Will there be a pnalty if the ITR for AY 2010-11 is filled now and there is a claim of refund(even minimal ) and under what circumstance penalty u/s 271f is levied..kindly guide..
Sonam Bidasaria
(CA)
(770 Points)
Replied 27 March 2012
Yes, pemalty u/s 271F will be levied, even if the assessee is claiming refund.
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