Letter format to drop penalty u/s 271(1)
This query is : Resolved
11 October 2017
please Letter format to drop penalty u/s 271(1)
11 October 2017
From
________________________________
________________________________
_______________________________
To
______________________________
_____________________________
____________________________
Subject: – Reply to notices u /s 271(1)(c) of I T Act, 1961.
Ref: i) PANo.......Asst.Yr.........
ii)Your Office Letter No…………Dated.....
Sir,
I refer to your aforesaid letter dated ……….by which your Honor proposed to levy a penalty for concealment of income under section 271(1)(c) of the Income tax Act,1961 for which I would like to submit as under:-
1. That I had filed the return of income in your Honour's office for the Assessment year ………. On ………………
2. That the return had been processed on....... and intimation under section 143(1) had been served on me on........
3. That I had been served with a notice under section 143(2) of the said act on ........ and the case had been heard on .......
4. That I had been served with an assessement order under section 143(3) of the said act by which the taxable income had been fixed at Rs...... as against the returned income of Rs.........
5. That the addition to the declared income viz., Rs......... is on account of the following additions made at the time of assessment by your good self.
a).......
b).......
c).......
6. That I have declared true and correct return and that I have not concealed the income nor had given in accurate particulars of income for the assessment year......
Prayer:-
I ,therefore, pray that your Honor shall accept the conceded income as my true and correct income and to drop the proposed penalty proceeding initiated u/s 271(1)(c) of the Income tax Act,1961 as there was no malafide intention to conceal or furnish inaccurate particulars of income for the assessment year........
Your faithfully
Signature.
(Assessee Name)
________________________________
________________________________
_______________________________
To
______________________________
_____________________________
____________________________
Subject: – Reply to notices u /s 271(1)(c) of I T Act, 1961.
Ref: i) PANo.......Asst.Yr.........
ii)Your Office Letter No…………Dated.....
Sir,
I refer to your aforesaid letter dated ……….by which your Honor proposed to levy a penalty for concealment of income under section 271(1)(c) of the Income tax Act,1961 for which I would like to submit as under:-
1. That I had filed the return of income in your Honour's office for the Assessment year ………. On ………………
2. That the return had been processed on....... and intimation under section 143(1) had been served on me on........
3. That I had been served with a notice under section 143(2) of the said act on ........ and the case had been heard on .......
4. That I had been served with an assessement order under section 143(3) of the said act by which the taxable income had been fixed at Rs...... as against the returned income of Rs.........
5. That the addition to the declared income viz., Rs......... is on account of the following additions made at the time of assessment by your good self.
a).......
b).......
c).......
6. That I have declared true and correct return and that I have not concealed the income nor had given in accurate particulars of income for the assessment year......
Prayer:-
I ,therefore, pray that your Honor shall accept the conceded income as my true and correct income and to drop the proposed penalty proceeding initiated u/s 271(1)(c) of the Income tax Act,1961 as there was no malafide intention to conceal or furnish inaccurate particulars of income for the assessment year........
Your faithfully
Signature.
(Assessee Name)
Message likes :
1 times
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
