30L salary, filed no ITR, will pay no penalty: ITAT
In a recent tax penalty case, Mr. Pravesh Aggarwal from Indrapuram, Ghaziabad, Uttar Pradesh, faced a penalty of Rs 3.74 lakh for not filing an Income Tax Return (ITR) despite receiving a salary of Rs 30.22 lakh. Mr. Aggarwal switched jobs during the middle of FY 2018-19 and was unable to obtain the Form 16 from his previous employer before the ITR filing deadline.
However, the Income Tax Department strictly enforced the rule and levied the penalty, despite the fact that the Form 26AS showed the TDS deductions from his employers. The ITAT Delhi ruled in Mr. Aggarwal's favor, stating that a genuine salaried employee should not be heavily penalized for not filing an ITR when no under-reporting of income has taken place, and TDS has been deducted by the employer.
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