Appeal & penalty proceedings
This query is : Open
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
11 December 2009
Go ahead with penalty proceedings.........you might get relief from levying penalty if facts favour you..........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Filling ITR - U
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
