Applicability of sec 271(1)(c)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2011 A.O has passed an order of addition on account of undisclosed income . In his order A.O has not used sec 271(1)(c)but passed an order by levying interest u/s 234A, 234B, 234C, 234D. I want to know about authorities who can levy penalty u/s 271(1)(c) and what is the time limit for passing such order.

Mahesh Paryani

Mahesh Paryani (Expert)
Follow

28 December 2011 authorities who can levy penalty undersection 271(1)(c) are Assessing officer / CIT (Appeals) / CIT. there are different dates depending on who is passing the order refer to section 275 for further details or give the detail as to who has passed the penalty order