Tribunal held that the reasons \u00a0referred to the assessee being an agriculturist and illiterate ; facing financial and family problems ; and being under the impression that gains arising from sale of any agricultural land were not chargeable to tax. There was reasonable cause on the part of the assessee in not filing return under section\u00a0139(1)\u00a0against which the penalty had been imposed and confirmed under section\u00a0271F\u00a0. Section\u00a0273B\u00a0provides that no penalty shall be imposed, inter alia, under section\u00a0271F\u00a0where the assessee establishes reasonable cause for the failure referred to in the section. Thus there was a reasonable cause with the assessee and the penalty was deleted.( AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 271F : Penalty – Return of income – Failure to furnish \u2013 Agriculturist \u2013 Bonafide belief that income not chargeable to tax – Levy of penalty is held to be not justified [ S. 139(1) 273B ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13665","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3yp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13665"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13665\/revisions"}],"predecessor-version":[{"id":13666,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13665\/revisions\/13666"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}