what income tax department do ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2010
what income tax department/assessing officer do if any person not appear for income tax assessment or not pay penalty/tax under best judgement assessment?
29 August 2010
1.Can initiate penalty proceedings under section 271(1)(b) for non appearance.
2.Penalty can be levied for non payment, under section 221(1), of demanded tax.
3. Interest can be levied for non payment/ delayed payment,under section 220(2), of demanded tax
4.Recovery proceedings can be initiated under section 222(1) of the Income tax Act,1961.
2.Penalty can be levied for non payment, under section 221(1), of demanded tax.
3. Interest can be levied for non payment/ delayed payment,under section 220(2), of demanded tax
4.Recovery proceedings can be initiated under section 222(1) 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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Need Professional Opinion AY 2012-13 Old Demand
- Salary from Qatar in Dollars in India
- New GST registration for new place of business.
- TDS on purchase of under construction property from a reseller
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
