Where the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be levied: ITAT
The Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).
Bombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption