Penality due to late filing of tax audit
This query is : Resolved
SHESHU KUMAR TANGUTURI
(Querist)
19 February 2013
Can we avoid penalty for the late filing of tax audit report on the following basis:
My client is filing returns from 3 years, for the first time he got tax audit. Now we are filing returns. Now my question is can we avoid penalty on this basis i.e, first time of tax audit. If we can avoid, tell me relevant case law for this.
Its urgent....please give suggestions.
My client is filing returns from 3 years, for the first time he got tax audit. Now we are filing returns. Now my question is can we avoid penalty on this basis i.e, first time of tax audit. If we can avoid, tell me relevant case law for this.
Its urgent....please give suggestions.
Dintakurthi Tirumala
(Expert)
19 February 2013
No, you can't avoid penalty on such ground according to my knowledge.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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