Income Tax Return not filed after receiving Re-Assessment Notice: ITAT upholds Penalty [Read Order]

Income Tax Return - Re-Assessment Notice - ITAT upholds - Penalty - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has upheld the penalty order by observing that the income tax return was not filed after receiving the re-assessment notice under section 148 of the Income Tax Act, 1961. The assessee, JagrutibenDalpatbhai Bhavsar is an individual and had made deposit of Rs.12 lakhs in Bank of India….

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