Penealty and intrest on authonised property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2013 ONE OF MY CLIENT HAVE PURCHASED THE PROPERTY FROM THE AUCTION FROM BANK 15 YEARS BEFORE SINCE LAST 4 TO 5 YEARS THE INCOME TAX AUTHORITY ARE SENDING THE NOTICE FOR THE DUES PENDING ON THEM WITH INTEREST AND PENALTY AS MY ASSESS HAD PURCHASED FROM THE BANK WHERE DOES THE DUES OF INCOME TAX COME

LATIF BHADA (SURAT)

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 November 2013 normally you should not be receiving such a notice. But under what section is the AO wishing to tax you??

you need to sit with the AO to understand what exactly he is referring to.

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