MY CLIENT RECEIVE NOTICE FOR PERSONAL HEARING BUT HE FAILS TO APPEAR ON RESPECTIVE DATE
NOW DEPARTMENT HAS ISSUED PENATLY ORDER OF RS 10000 AGAINST HIM U/S 77
WHAT STEP MUST BE TAKEN TO AVOID PENALTY
CA RAJUL SINGHAL (CHARTERED ACCOUNTANT) (79 Points)
25 June 2014MY CLIENT RECEIVE NOTICE FOR PERSONAL HEARING BUT HE FAILS TO APPEAR ON RESPECTIVE DATE
NOW DEPARTMENT HAS ISSUED PENATLY ORDER OF RS 10000 AGAINST HIM U/S 77
WHAT STEP MUST BE TAKEN TO AVOID PENALTY
Venkatanarayana GM
(Partner associate at Hiregange & Associates)
(1279 Points)
Replied 25 June 2014
I think, you can go under rescue of section 80 of Finance Act 1994 "Penalty Not to be imposed in certain cases"
Plain reading of section is " Notwithstanding anything contained in the provisions of section 76, section 77 or first proviso to sub - section (1) of section 78, no penalty shall be imposable on the assessee for any failure referred to in the said provisions if the assessee proves that there was reasonable cause for the said failure.
Concluding, i wish to mention that by referring this section you can give the acceptable reason.
Thanks