Penalty on Revised Return U/S 271(1)(c)
This query is : Resolved
22 December 2009
Can a penalty be levied U/S 271(1)(c) by an AO on a revised return which has already been treated by the AO as invalid return U/S 139(9)?
22 December 2009
If a return is defective and the rectification is made within 15 days of such defect then it cannot be treated invalid & vice versa.
If the return has already been treated as invalid revised return cannot be filed coz a valid return can only be revised.
If a return is treated to be invalied it becomes void ab initio (as you have not filed the return).
In such a situation penalty of not filing the return can be imposed u/s 271F.
If the return has already been treated as invalid revised return cannot be filed coz a valid return can only be revised.
If a return is treated to be invalied it becomes void ab initio (as you have not filed the return).
In such a situation penalty of not filing the return can be imposed u/s 271F.
22 December 2009
agreed
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
