Appeal & penalty proceedings
This query is : Open
tapas aghera
(Querist)
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
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
(Expert)
11 December 2009
Go ahead with penalty proceedings.........you might get relief from levying penalty if facts favour you..........
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