Kindly enlighten!!!.Facts as Follows,
*TDS duly deducted @ 10%.(Code-TDS-94J,Sec.194J).
* Return NOT filed in time.(Lapse since FY 2009-2010 onwards).
* Notice received from the IT dept, asking for reasons for not filing the IT return.
* Visited office with TDS,ITO considers it as CONCEALMENT>
*States that PENALTY UNDER CONCEALMENT applicable.
* Reason for not filing the return on time is due to medical reasons.
*Income around Rs: 5.00 Lacs per year.
As per CA/Tax consultant belated return can be filed and a FINE of Rs:5000/- per year applicable.
As per ITO concealment and penalty @100% to 300%.
Kindly advise with case studies please.