Easy Office
LCI Learning

penalty u/s 271

This query is : Resolved 

23 December 2010 the assessee filed return of Rs. 150000/- u/s 139. further notice was issued u/s 148 and the assessee filed return of income for Rs. 230000/- ( with left over income).Whether in this case penalty u/s 271 is applicable on the left over income filed after the notice u/s 148 issued.pls guide with the help of case laws.
thanks in advance

25 December 2010 YES, ASSESSEE SHALL BE LIABLE TO PENALTY ON EXCESS INCOME DECLARED ON RETURN FILED U/S 148.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query