Waiver of penalty u/s 271 (1) (c)
This query is : Resolved
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HIREN JOBANPUTRA
(Querist)
08 January 2020
Do assessing officer has power to waive off penalty imposable u/s 271 (1) (c). If yes, under which section?
(Note: Penalty not imposed yet)
(Note: Penalty not imposed yet)
CA Mohit Bansal
(Expert)
09 January 2020
Penalty for concealment of income can be waived but that is a discretionary power of the ITO as per the circumstances
HIREN JOBANPUTRA
(Querist)
09 January 2020
Thank you. can you provide the section?
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