Illness of managing trustee can be considered as reasonable cause for non-levy of penalty for non-filing of ITR: ITAT

INCOME TAX : Illness of managing trustee of trust would come under reasonable cause as provided under section 273B for not filing return of income within due date; therefore, no penalty under section 272A(2)(e) to be imposed upon assessee-trust for late filing of its return of income due to ill health of its managing trusteeINCOME TAX : Illness of managing trustee of trust would come under reasonable cause as provided under section 273B for not filing return of income within due date; therefore, no penalty under section 272A(2)(e) to be imposed upon assessee-trust for late filing of its return of income due to ill health of its managing trusteewww.taxmann.com Latest Case LawsRead More

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