Reply to Notice for Penalty under section 274 read with section 272A(1)(d)

This query is : Resolved

Chithu.E.K

Chithu.E.K (Querist)
Follow

23 February 2022 I have received a Notice for Penalty under section 274 read with section 272A(1)(d) stating that “You are required to show cause as to why an order imposing penalty of Rs. 10,000/- per default u/s 272A(1)(d) of the Income-tax Act,1961 should not be passed .”
Request to help me to share the letter format for dropping the penalty

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

10 July 2024 When responding to a notice for penalty under section 272A(1)(d) of the Income-tax Act, 1961, it's crucial to provide a clear and detailed explanation to the tax authorities. Here’s a format you can use to draft your response:

---

[Your Name]
[Your Address]
[City, State, PIN Code]
[Date]

The Assistant Commissioner of Income Tax
[Address of the Tax Office]
[City, State, PIN Code]

Subject: Response to Notice for Penalty under Section 272A(1)(d) of the Income-tax Act, 1961

Sir/Madam,

I am writing in response to the notice dated [Date] received from your office regarding the proposed penalty under section 272A(1)(d) of the Income-tax Act, 1961.

I respectfully submit the following points for your consideration:

1. **Background:**
- Provide a brief background or context regarding the default(s) mentioned in the notice. Mention any relevant dates and transactions involved.

2. **Reasons for the Default:**
- Explain the reasons why the default occurred. This could include inadvertence, technical issues, or any other genuine reasons.
- If applicable, mention any steps taken to rectify the default promptly after becoming aware of it.

3. **Compliance History:**
- Highlight your compliance history, particularly if there have been no previous penalties imposed or if the defaults were unintentional and promptly rectified.

4. **Supporting Documents:**
- Enclose copies of relevant documents that support your explanation. This could include transaction records, communications with tax authorities, or any other relevant evidence.

5. **Request for Dropping Penalty:**
- Respectfully request the tax authority to drop the proposed penalty considering the circumstances explained above and your compliance history.

6. **Conclusion:**
- Express willingness to cooperate fully with the tax department and provide any further information or clarification required.

I trust that the above information adequately addresses the concerns raised in your notice. Please feel free to contact me at [Your Phone Number] or [Your Email Address] if you require any further clarification or information.

Thank you for your attention to this matter.

Yours faithfully,

[Your Name]

---

**Note:**
- Make sure to customize the letter as per your specific details and the content of the notice received.
- Attach copies of any supporting documents mentioned in your response.
- It’s advisable to send the response via registered post or courier to ensure delivery confirmation.

This format should help you draft a comprehensive response to the notice for penalty under section 272A(1)(d) of the Income-tax Act, 1961.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok