Sachin Pralhad Kini (Officer - Accounts) (24 Points)
04 November 2014One of my client had file IT Return after due date, now ITO has issued notice u/s 271F, what should be done in this case
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 18 November 2014
Was the ITR filed with local AO or with CPC, Bangalore. Look, it is discretionary on the AO's part to invoke section 271F. The taxpayer has to explain the facts and circumstances of the case and reason why penalty should not be imposed.
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