Can ito levy penalty u/s 234f in revise income tax return?

santosh (Querist) 14 January 2020 This query is : Resolved
sir how can ito levy penalty u/s 234F as my original return filed in prescribed time period i.e. 31.08.2019 of Income tax Return A.Y.-2019-20.As per rule of Income tax If i filed my return in time then there is no provision to levy penalty in Revise Return. Please answer in details.
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This discussion explores whether an Income Tax Officer (ITO) can impose a penalty under Section 234F for a revised income tax return when the original return was filed within the due date. The consensus suggests that if the original return was filed on time, a penalty under 234F should not typically apply to a revised return. However, it's advised to respond to any notice received from the ITO and consult with a Chartered Accountant for a thorough review of financial data.

Raj Kumar Makkad (Expert) 14 January 2020
ITO must have given ou notice which might be containing the reason for levying the penalty. Reply the said notice within the stipulated time.

Sb Karma (Expert) 15 January 2020
ITO without any grounds never demand fine.
May be there are some grounds,so consult properly with CA for your all financial DATA,via online no one can help you,without seeing your fin data

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