Many Salaried Assessees are receiving Intimation under 143(1) with interest charged u/s 234(b) & (c) for the Assessment Year 2017-18. The Assessee didn't have income other than Salaries. The PSU, where they employed deduct TDS and pay to Revenue regularly. Under this situation how IT Authorities impose penalty under 234(b)&(c).
In all cases there was no liability and no refund. i.e. Nil Return. In some of the cases there were refunds adjusted against 234(b) & (c) and there was no income from other sources except salaries.
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