New Delhi, Oct. 12 -- The Income Tax Appellate Tribunal (ITAT), Pune Bench, has given a taxpayer another opportunity to challenge a Rs.90.09 lakh penalty imposed after he failed to file an income tax return following a property sale. The tribunal's order, dated 9 September 2026, does not cancel the penalty but sends the matter back for fresh consideration.

The ruling came in Gnyanoba Dagadu Masurkar vs Income Tax Officer, Ward 6(5), Pune (ITA Nos. 2462 and 2463/PUN/2026) for assessment year 2016-17. It highlights the consequences of not filing an income tax return or responding to departmental notices after a property transaction, while showing that taxpayers whose appeals are dismissed because of delay may still get an opportunity to co...