Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty
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.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
