Income tax return u.s 271 (1) (a)



            MR  A. NOT FILING FOR THE  ASST -YEAR 2011-12 WITHIN TIME. AFTER THE FILING WITH LONG TERM CAPITAL GAINS ON  31.12.2015,  THE ASSETMCOMPLETEDLTED U/S  143 1 (A). WITH ADDITIONAL LONG-TERM CAPTIAL  GAIN AMOUNT. AND TAX DAMAND.RS 2.50 LAKS AND INTEREST 1.5 LAKS. A  THE TAX PAID.

MY QUERY IS

1  PENALTY PROCEEDING U/S 271(1) (C).IS APPLICABLE?

2) Avoid the penalty METHOD

3) EXAMPLE WITH  CASE LAW.

OK THANKS

 
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1. penal proceedings is applicable
2. only way out is to co-operate with the department by paying outstanding demand and request immunity in garb of ignorance of law
3. there are lot of mixed Case laws in favor of assessee as well as revenue

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