Kalam Times

ITR Filed by a CA? Tribunal Explains When You May Not Be Penalised for a Tax Consultant's Genuine Mistake

Many taxpayers rely on Chartered Accountants (CAs) or tax consultants to file their Income Tax Returns (ITRs). But what happens if your tax professional makes an error while preparing the return? Will you automatically have to pay a penalty?A recent ruling by the Income Tax Appellate Tribunal (ITAT)...