banner_ad

Penalty u/s 271(1)(c)

Others 277 views 6 replies
User Avatar

Student CA Final
293 Points Joined September 2012

*query*
In the original Income Tax Return the correct income. Was not reported but in response to Notice U/s 148, the correct income was reported, however the Tax Payment was done earlier before receipt of Notice u/s 148. Whether penalty u/s 271(1)(c) can be levied by Officer ? 
Any judgement in favour of assessee ??

0 Reply Share Follow
On 20 January 2021 at 19:44 Report
Replies (6)
User Avatar

215 Points Joined April 2017
I think , Assessee will be liable to pay penalty...

But as you know there is always an exception...
for that u should ellaborate basis of addition in reassessment
2 Reply
On 20 January 2021 at 20:08
User Avatar

Student CA Final
293 Points Joined September 2012

Okay Thanks more detailed answer is awaited

 

 

 

Reply
On 20 January 2021 at 20:13
User Avatar

tax consultant
3306 Points Joined October 2018
U make a request before the officer for exemption from imposition of penalty. the officer will be dutyful to search for favourable and adverse judgments. its the duty of tax officials.
1 Reply
On 20 January 2021 at 20:52
User Avatar

17264 Points Joined December 2018
271(1)(c) is a seperate proceeding other than assessment. AO will definately consider advance payment but it is his call to decide imposition of penalty
1 Reply
On 20 January 2021 at 21:02
User Avatar

tax consultant
3306 Points Joined October 2018
When the officer is sitting to decite the applicability and quantum of penalty he is liable to check for applicable judicial precedents
1 Reply
On 20 January 2021 at 21:04
User Avatar

17264 Points Joined December 2018
The AO has to exercise due diligence while penaly under 271(1)(c) is imposed . The assessee has right to prefer an appeal if is not in line with judicial pronuncements
Reply
On 21 January 2021 at 10:40

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details