We have made an application for condonation of delay and IT Dept have asked for certain details to process the condonation, But the above Bank transaction when scrutinised are not faourable to us and the tax demand will arise. Will it attract any penalty if we are not responding to Query by IT Dept. Please Confirm
08 June 2015
Mr. Jayam please specify your question i.e. under which section your case is being produced and what sorts of documents the Dept. is asking for.
CAclubindia
