my income tax return for AY 24-25 was taken up for scrutiny. an additional tax of rs.1.20 lakh including surcharge/cess plus rs. 0.17 lakh towards late/short payment totalling rs. 1.37 lakh was been imposed. this was duly paid without going in for appeal. now i have received order of 200% penalty i.e. rs. 2.74 lakh has been imposed. (Amounts rounded off)
My question is whether 200% should be of rs. 1.20 lakh or rs 1.37 lakh? If it is former case, how to get it corrected? I don't intend to file any appeal for imposition of 200% penalty...just want rectification of mechanical calculation, if it's incorrect.
Thanks for clarification in anticipation.