No ITR filed despite ₹30 lakh salary: Delhi ITAT explains why ₹3.74 lakh penalty was deleted
· livemint.com
A salaried taxpayer earning over ₹30 lakh did not file his ITR and was later fined ₹3.74 lakh for under-reporting income. Delhi ITAT deleted the penalty after finding that he disclosed his full income and the tax department accepted it without additions.
A Delhi Income Tax Appellate Tribunal ruling has offered relief to a salaried taxpayer who did not file his income tax return for assessment year 2019-20 despit...