Penalty u/s 271f


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 April 2013 Hi,
I wanted to ask what is the mode of payment for penalty u/s 271f, as my father received a penalty notice for show cause why a penalty should not be levied of Rs.5000/-

Please answer my query as to how to proceed with this situation and what mode of payment to be choosen?

20 April 2013 I would say that it is only a show cause notice. Penalty provisions has a very basic rule that "No penalty is levied if reasonable cause exist".

I would prefer showing upto the AO and discuss with him.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 April 2013 so sir if i go for a discussion with AO and i give a reasonable cause then can my penalty be waived?

20 April 2013 Certainly. You may refer case laws on it also.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
Featured 04 August 2026
Chartered Accountant

KayOne Consulting

Chennai

CA

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 05 August 2026
CA associate

Arun Deepak and Company

New Delhi

CA Inter

View Details