Person failing to furnish Return of Income is deemed to have concealed particulars of his income: ITAT upholds Penalty [Read Order]

By Namaskar Acharya - On September 6, 2023 6:30 pm - 2 mins read

Person failing to furnish return of income - return of income - income - ITAT - ITAT upholds penalty - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that if a person fails to furnish return of income then the assessee is deemed to have concealed the particulars of his income. The assessee was assessed on best judgment basis under section 144 r.w.s. 147 of the Act on 28.08.2018. The assessee was…

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