penalty

Tax queries 382 views 1 replies

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

  

Replies (1)

more details please, in such wild card assumptions its not possible to reply on point. 

tax rules are same for assessee and deparment administration, and if any benefit is available to assesee , department can not bar it, while if any tax is payable to department , assesee can not bar it. 


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