Penalty u/s 271f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2013
Hi,
I wanted to ask what is the mode of payment for penalty u/s 271f, as my father received a penalty notice for show cause why a penalty should not be levied of Rs.5000/-
Please answer my query as to how to proceed with this situation and what mode of payment to be choosen?
I wanted to ask what is the mode of payment for penalty u/s 271f, as my father received a penalty notice for show cause why a penalty should not be levied of Rs.5000/-
Please answer my query as to how to proceed with this situation and what mode of payment to be choosen?
20 April 2013
I would say that it is only a show cause notice. Penalty provisions has a very basic rule that "No penalty is levied if reasonable cause exist".
I would prefer showing upto the AO and discuss with him.
I would prefer showing upto the AO and discuss with him.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2013
so sir if i go for a discussion with AO and i give a reasonable cause then can my penalty be waived?
20 April 2013
Certainly. You may refer case laws on it also.
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