Summary
- The ITAT Raipur has restricted the penalty under Section 272A(2)(e) of the Income-tax Act to the period allowed for filing a belated return under Section 139(4), impacting Bethany Seva Sangam's case.
- The trust, which runs Bethany College & Nursing, faced a penalty of Rs.2,55,800 for failing to file its return for A.Y. 2012-13 until July 2019, after being notified under Section 148.
- The Tribunal noted that ignorance of the law was not a valid excuse and rejected the trust's claims of reasonable cause for the delay in filing.
- This ruling clarifies that penalties cannot extend indefinitely beyond the stipulated filing
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