If a individual filled income tax return in 2007-08 (AY 2008-09) but there is by mistake for which PAN number mentioned and the Income Tax department send a letter u/s 272B (which is penalty not less than 10000) Can anyone give suggesstion what can do the Assessee?
Can he filled the revised return or any other option that he can do?
20 January 2010
u/s 272B penaly can't be impose till it is proven that wrong PAN is quoted willingly and a opportunity of being heard of assessee must be given. If it is by mistake then tell A.O about this.
CAclubindia
