Sec 271f
This query is : Resolved
abhishek khandelwal
(Querist)
24 August 2011
Whther penalty is levied before expiry of time to file belated return or after expirty of time to file belated return??
CA PARAS BAFNA
(Expert)
24 August 2011
AO may levy penalty but it is not generally levied as a measure of relaxation. AO do not want to trouble himself as he knows that the assessee can put forth many genuine reasons before him.
Such penalty is levied in exceptional cases only.
Such penalty is levied in exceptional cases only.
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