Hi...............
1) can assessee be penalised for someday else's wrong Doing?
2) Can penalty be levied when part calim is allowed and part not allowed?
3) can penalty be levied if a particular loss is not allowed by Assessing offficer?
4) Interest Expense not claimed in return but claimed at assessement can penalty be levied?
Kindly provide write ups and case laws on above question
Regards
MSMS