If an assessee has not filed return of income at all and fails to file return against notice u/s. 148 also, whether he is liable to pay penalty?
And, if he has filed original return within the stipulated time and the he fails to file return against notice u/s.148, whether penalty can be levied?
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Whether Penalty can be levied if assessee fails to file return against notice under section 148?
Replies (1)
Whether or not the assessee has filed his return u/s 139, according to me, AO cannot levy penalty for non-filing of return u/s 148.
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