One 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
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Section 271f of income tax act 1961
Replies (2)
Hi,
Case is for which AY?
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.
Regards,
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