notice u/s 221(1)

This query is : Resolved 

29 January 2011 my company receives a notice u/s 221(1), liability is of 220 lakh . how can i deal with this matter,
i m a fresher and alone accountant of this comapny. and have direct reporting to md.
shall i take initiative in this matter , how?

29 January 2011 This is a case for default in paying tax which lead to penalty proceedings. Seems senior engagement is required since amount involved is substantial.

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29 January 2011 Agree with Mr. Warrier


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