Whether penalty u/s 272A is an additional penalty for the purpose of Sec. 139(4A)/139(4C) or is in replacement of fees/penalty u/s 234F?
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Quick Summary
This discussion clarifies the nature of the penalty under Section 272A of the Income Tax Act. It is confirmed that this penalty is an additional one, distinct from penalties or fees levied under other sections like 234F. The conversation addresses the query of whether 272A, being a specific provision, overrides the general provision of 234F in certain circumstances.
Thank You for the reply, but isn't 234F a general provision whereas 272A a specific provision for the purpose of 139(4A)/(4C), and a specific provision always over rules the general one?
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