Hi, can a penalty under section 221 and 271(1)c or 270a be levied at the same time for same offence like concealment of income or non filing of itr...
Sadhu Singh (2 Points)
14 March 2023Hi, can a penalty under section 221 and 271(1)c or 270a be levied at the same time for same offence like concealment of income or non filing of itr...
Ayush
(Executive )
(6432 Points)
Replied 14 March 2023
A penalty can be levied under multiple sections of the Income Tax Act for the same offense, such as concealment of income or non-filing of the ITR. However, the amount of the penalty may differ, and the taxpayer cannot be subjected to double or triple penalties for the same offense.
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