No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]

By Shabna Rahim - On July 7, 2023 3:30 pm - 2 mins read

No - Penalty - Assessee - Proves - Reasonable - cause - Delay - Filing - Books - Account - Income - Tax – Act – ITAT - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed if the assessee proves that there was a reasonable cause for delay in filing books of account under section 273B of the Income Tax Act,1961. Amit Kumar Chatterjee, the appellant assessee appealed against the order passed by the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics