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Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty

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.

Times of India Verified Source

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