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No ITR filed, but ITAT Jaipur still quashed the 200% income tax penalty: Here's what the taxpayer did to win the case

A Sikar taxpayer faced a 3.99 lakh penalty after declaring 12.9 lakh in income following an income tax notice. The ITAT Jaipur quashed the penalty after finding defects in the assessment order and notice. Heres why he won and what taxpayers should check.