Please advice wheather penalty u/s 271F of Income Tax applicable for filling of NIL return for Assessment year 2012-13 & Assessment Year 2011-2012.
1 Replies
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 07 September 2013
Dear Sir,
yes, the penalty could also be levied in such cases..
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