Applicability of penalty

nikhil (dhule) (181 Points)

20 August 2023  
Sirji, having one query with regards to applicability of penalty on Fake invoicing, if a taxpayer pay tax along with applicable interest and penalty at the time of initiating of summon u/s 70 then what will be quantum of penalty, is the penalty is applicable u/s 74(5) ie 15% or u/s 122 ie 100%