Penalty u/s 271(c)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2010
A.O. complete the assessment u/s 143(2)& rejected the book of assessee. complete the assessment by taking N.P.5% of sale.now he starte penalty proceeding .did presumptive agreed assessment liable for the penalty u/s 271(C)?Plz suggest any case law if any?
Regard-
Nikunj
Regard-
Nikunj
14 December 2010
THERE SHALL BE NO ANY PENALTY U/S 271(1)(C) ON INTANGIBLE ADDITION MADE BY A.O. AS PER "VEERA SHINGHAIA AND CO. (SC)".
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Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2010
Sir plz suggeest ITR or any ref no.
Thanxs..
Thanxs..
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