3cd report
This query is : Resolved
VIJAY RAGHAV
(Querist)
17 September 2014
Hi Friends,
if we forgot to file the 3CD and the notice u/s 271B been issued, is there any way out to get the waiver of penalty.
Its pure ignorance of the assessee.
Thanks,
Vijay
if we forgot to file the 3CD and the notice u/s 271B been issued, is there any way out to get the waiver of penalty.
Its pure ignorance of the assessee.
Thanks,
Vijay
Nikhil Kaushik
(Expert)
18 September 2014
pure ignorance is not a defense for non-levy of penalty. You need to establish bonafide cause for non-compliance. Only then penalty can be avoided.
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