Man skipped filing ITR and got tax notice so he declared Rs 12.9 lakh income; department imposed 200% penalty of Rs 3.99 lakh on taxable amount, but ITAT cancels it - The Times of India
You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty but the Income Tax Appellate Tribunal (ITAT) gives you relief on a technical ground.