MR A. NOT FILING FOR THE ASST -YEAR 2011-12 WITHIN TIME. AFTER THE FILING WITH LONG TERM CAPITAL GAINS ON 31.12.2015, THE ASSETMCOMPLETEDLTED U/S 143 1 (A). WITH ADDITIONAL LONG-TERM CAPTIAL GAIN AMOUNT. AND TAX DAMAND.RS 2.50 LAKS AND INTEREST 1.5 LAKS. A THE TAX PAID.
MY QUERY IS
1 PENALTY PROCEEDING U/S 271(1) (C).IS APPLICABLE?
2) Avoid the penalty METHOD
3) EXAMPLE WITH CASE LAW.
OK THANKS
CAclubindia
