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?
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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