No ITR filed, but ITAT Jaipur still quashed the 200% income tax penalty: Here's what the taxpayer did to win the case
A Sikar taxpayer faced a ₹3.99 lakh penalty after declaring ₹12.9 lakh in income following an income tax notice.
The ITAT Jaipur quashed the penalty after finding defects in the assessment order and notice.
Here’s why he won and what taxpayers should check.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.
