ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim:

ITAT upheld a Rs 2.06 lakh penalty under Section 272A(2)(e), ruling that a five and half year delay in submitting ITR-V could not be justified as a reasonable cause.
ITAT Rejects Accountant Negligence Plea Over ITR Delay

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ITAT Upholds Rs 2.06 Lakh Penalty, Holds Over 5 Year ITR-V Delay Defeats Reasonable Cause Claim
ITAT upheld a Rs 2.06 lakh penalty under Section 272A(2)(e), ruling that a five and half year delay in submitting ITR-V could not be justified as a reasonable cause.
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Saloni Kumari
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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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