03 April 2013
What is the remedy for the following case?
Reference:Assessment Order AY 2010-11 , XYZ Ltd. Co.
Points in Assessment Order:
1.Wrong Claim of B/F Losses of Rs. 500000 Assessment Order for AY 2009-10 passed on 8-12-11 while return for AY 2010-11 on 13-09-2010, but this point can be conceded.
PLEASE SOMEONE SUGGEST ME TO WHAT TO DO IN ABOVE CASE .... THE ABOVE POINT IS FROM ASSESSMENT ORDER .
21 May 2013
File the appeal before CIT(A) for 2010-11. You must have filed appeal for 2009-10 and only on finalisation of appeal the brought forward of losses can be adjusted.
Now, you have to deal with the penal proceedings u/s 271(1)(c)otherwise there will be penalty order against you. ssunderagarwal@gmail.com