Reply to notice u/s 142(1)

This query is : Resolved

vanita (Querist)
Follow

21 October 2012 An assessee has received a notice u/s 142(1) for non-filing of IT return of a Private limited Co. So, my question is that if the assessee gives a reply letter stating his genuine reason that there was no transactions held in the co. in after the FY 2008-2009 & also, the co. name was striked off from MCA under EES Scheme 2011...so, can the Assessing officer or the IT Dept. still charge or will charge the penalty for non-filing of NIL IT return (even when there was no work done)????

PLZZZ HELP ME OUT....

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

21 October 2012 This being a 'reasonable cause' penalty proceedings initiated can be dropped u/s 273B.

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

bhavesh

Srikanthan S

rana andcompany

Pranab Banerjee

Gurunathan kannan

Subscribe Now

Reply to notice u/s 142(1)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

Accountant