Penalty u/s 221(1)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2012 ITO has imposed me penalty u/s 221(1).
Is there any way out from this situation,have any case law in this regards.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

11 May 2012 Order can be appealed. If you can prove that the default was for" good and sufficient reasons", CIT (appeals) will waive the penalty.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

11 May 2012 Dear Sir,
ITO has demand interest on late payment, and the has been paid.Delay period was very little.You have said that I can appeal if I have " Good & Sufficient reasons " in this case.Please let me explain in details ....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rishi Jain

SHUBHANGI GOEL

CA Narender Yarragorla

P.S.Satya narayana

CA Reshma prabhu

Subscribe Now

Penalty u/s 221(1)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

Senior Executive

CA Final

GST CONSULTANCY

Manager- Finance and Compliance