Man skipped ITR, declared Rs 12.9 lakh income after notice; ITAT cancels 200% penalty

The man in this case failed to file his income tax return, and the Income Tax Department issued him a notice. He subsequently responded by filing an ITR for assessment year (AY) 2018-19, reporting an income of Rs 12.9 lakh. However, the Income Tax Assessing Officer (AO) took the view that this…

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