23 December 2010
I have a query. I hav mentioned wrong PAN for A.Y.2009-10 in ITR-7 of the Trust. But have correctly mentioned in previous years Return nd all other returns. The PAN is wrongly quoted for A.Y. 2009-10 only.
Now what is the procedure. Notice from Income tax is received regarding wrong quoting of PAN.
24 December 2010
First let me clear i m nt sir i am student of CA Final.
Your case is not covered under defectiven return as you have furnished pan. A return can be consider defective if you have not furnished PAN.
So in ur case as u r being given a opportunity of being heard u can convince the AO and they have authority to waive the penalty. That is the only last way
CAclubindia
