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Appeal for penalty payment
An assessee get order for payment of tax,interest and 100% penalty on suppression of turnover. He paid total tax and interest and now he is not capable to pay penalty amount. Can he appeal for such or any other remedies for that.
Replies (5)
File appeal to Appellate Tribunal or CIT
Can penalty waive off
It's upto Appellate decision
It is dependent of facts and circumstances of the case, pl elaborate details.
Decision is upto taken by Appellate Tribunal as they thinks fit
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