assessment
This query is : Resolved
06 August 2016
what to do if someone has revised his return of income before issuance of notice under section 148 of the act. Can penalty proceeding u/s 271(1)(C) of the act be initiated against him. please reply
07 August 2016
SINCE BEFORE ISSUING THE NOTICE, THE ASSESSEE HAS REVISED HIS RETURN THERE MAY NOT BE ANY PENALTY FOR CONCEALMENT OF INCOME.
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