CA. Karthik Reddy MNS (Practicing Chartered Accountant) (92 Points)
15 June 2016
CA MANISH BINDAL
(CHARTERED ACCOUNTANT )
(535 Points)
Replied 15 June 2016
Income Tax Officer
Ward –
Name of City
Sir,
Sub: Dropping of Penalty proceedings u/s 271(1)(c) of the Income Tax Act,1961
Ref : Name of Assessee
PAN:
Assessment Year
With reference to the above subject we request you, not to impose penalty proceedings as it was an error of omission.
The Assessee has not offered Type of income of Rs........ /- in his return of Income due to omission since Reason Like: Return of Income has been filed directly through office.
We request you to drop the penalty proceedings against him u/s 271(1)(c) of the Income Tax Act, 1961 as there was no malafide intention to conceal the income.
Thanking You
Yours faithfully,
Firm Name(who having Power of Attorney)
Chartered Accountants
Name of CA
Proprietor/Partner
CA. Karthik Reddy MNS
(Practicing Chartered Accountant)
(92 Points)
Replied 15 June 2016
Actually assessee agreed on additions which are assessed in 143(3).The said assessement was based on information given by assessee in his return and not from outside sources.What is the reply to be offered in this case to drop penalty u/s 271(1)(c)
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