Income determination in assessment cannot dictate filing of ITRs: ITAT Quashes section 271F Penalty

Maheshbhai Prabhudas Gandhi Vs Ld. AO, CIT(A) (ITAT Ahmedabad) Introduction: The recent orders from ITAT Ahmedabad shed light on penalties imposed under Sections 271(1)(b) & 271F of the Income Tax Act. The case of Maheshbhai Prabhudas Gandhi vs. Ld. AO, CIT(A) highlights the importance of understanding that the determination of income in assessment orders cannot serve as the sole basis for filing ITRs under Section 139(1) of the Act. Detailed Analysis: The case revolves around the imposition of penalties by the Income Tax Officer (ITO) and their subsequent confirmation by the Commissioner ...