Appeal & penalty proceedings

This query is : Open

tapas aghera (Querist)
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11 December 2009 Hello,

Can u pls guide me on this ?

Assessment order passed. additions were made. penatly proceedings have been initiated.

We agree to additions but we have not at all evade the tax.

LTCG - added in our income. additions is correct
but we by mistake that share added in another co-owner. which proves that we nt having intention to avoid tax.

now what we can do ?

whether to file an appeal or not ? do reply its urgemnt

CA. Bikash Bogi

CA. Bikash Bogi (Expert)
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11 December 2009 Go ahead with penalty proceedings.........you might get relief from levying penalty if facts favour you..........

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