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Need help ! income tax scrutiny

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(Querist)
24 June 2014 Hello ! Experts

After Scrutiny Assessment, Our assessee has received demand notice of penalty u/s 271 (1)(C) for Rs.143980.00, ITO dissallowed the Expense Interest on Loan (Unsecured Loan) due to non deduction of TDS u/s 194(A),

If any help or any reply can shorten the Penalty value, then please provide with reference.

Many Many Thanks in advance

Deepak Sharma
deepak_8583 @ yahoo.com

Read more at: https://www.caclubindia.com/forum/help-income-tax-scrutiny-295652.asp#.U6kpdpSSwZM
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2014 it is disallow the intt. if deposit the same before filing the return then you can claim otherwise you have to pay the demand.
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Deepak sharma

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Deepak sharma (Querist)
24 June 2014
No other way to get some relief in Penalty Amount.
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