07 August 2021
Sir , My client had received a notice under section 274 read with section 272A(1)(d) of the I T Act, initially 142 was issued about 6 months back but no specific point is raised in the notice. plz advice on reply of the notice issued
07 August 2021
You must not have submitted any response to the notice issued under Section 142(1). Due to this, the AO would have issued a notice to levy a penalty under Section 272A(1)(d).
You shall submit the reasons for not submitting a response to 142(1) notice and assure the AO for the timely submissions in the future so as to drop the proposed penalty under Section 272A(1)(d).
CAclubindia
