Section270A

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CA ALOKE KUMAR BHATTACHARYA

CA ALOKE KUMAR BHATTACHARYA (Querist)
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24 September 2022 CAN A MODEL REPLY U/S 270A of I.T.ACT BE PROVIDED FOR SUBMISSION ON CUSTOMISED MODE

Asha Kanta Sharma

Asha Kanta Sharma

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11 July 2024 Certainly! Here’s a model reply that can be customized for submission under Section 270A of the Income Tax Act, which pertains to penalty proceedings for under-reporting and misreporting of income. This template can be adapted based on specific circumstances and details of the case:

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**[Your Name]**
**[Your Address]**
**[City, State, Pin Code]**
**[Date]**

**To,
The Assessing Officer,
Income Tax Department,
[City/Area], [PIN Code].**

**Subject: Submission in Response to Penalty Notice u/s 270A of the Income Tax Act, 1961**

Respected Sir/Madam,

I, [Your Name], the taxpayer under PAN [Your PAN Number], hereby submit my response to the penalty notice issued under Section 270A of the Income Tax Act, 1961 for the Assessment Year [AY].

1. **Background**:
I have received the penalty notice dated [Date of Notice] regarding the assessment of my income for AY [AY].

2. **Submission**:
- I acknowledge receipt of the penalty notice and understand the reasons cited therein.
- I would like to provide additional information and explanations pertaining to the assessment:
- **Nature of Under-reporting/Misreporting**: Provide a brief explanation of the nature of under-reporting or misreporting identified by the Assessing Officer.
- **Reasons for Discrepancy**: Explain any factual errors or misunderstandings that may have led to the discrepancy in reporting.
- **Supporting Documents**: Enclose relevant supporting documents, if any, that substantiate the correct reporting of income or expenses.
- **Legal Provisions**: Reference any legal provisions or case laws that support my position, if applicable.

3. **Request for Consideration**:
- I request your kind consideration in re-evaluating the penalty imposition in light of the explanations and supporting documents provided.
- I am committed to full compliance with the provisions of the Income Tax Act and assure you of my cooperation in resolving this matter.

4. **Conclusion**:
- I kindly request a personal hearing to discuss the matter further and to clarify any additional information required for the assessment.
- Please inform me of the date and time of the hearing at your earliest convenience.

Thank you for considering my submission. I look forward to your favorable response.

Yours sincerely,

[Your Name]
[Your Contact Number]
[Your Email Address]

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**Note**: Ensure to customize the template with specific details relevant to your case, including the nature of under-reporting or misreporting, supporting documents, and any legal references. It’s also advisable to seek guidance from a tax professional or legal advisor to ensure accuracy and completeness in your response to the penalty notice under Section 270A of the Income Tax Act.