He got Rs 30 lakh salary but missed ITR filing after changing jobs due to delayed Form 16; Income Tax department imposed Rs 3.74 lakh penalty, how taxpayer won relief from ITAT

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-filing not been detected, Aggarwal might not have filed his ITR at all. This, in turn, would have meant that his salary and interest income remained unreported.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.