Penalty leviable for delay filing of return as assessee is habitual defaulter

Rajesh Suresh Vernekar Vs ITO (ITAT Bangalore) ITAT Bangalore held that penalty under section 271F of the Income Tax Act leviable as assessee being a habitual defaulter filed income tax return for four years filed belatedly Facts- The assessee filed his return of income for AY 2012-13, 2013-14, 2014-15 and 2015-16 belatedly under section 139(4). The said returns filed were processed u/s. 143(1) of the Act. Accordingly, the AO noted that the assessee has committed default by filling his income tax return as per section 139(1) and filled return as per section 139(4) of the Act. Therefore, the pe...