Dear Experts, please advice. I went thru the Faceless assessment procedure for the assessment year 2019-20. Now i received the final reply as follows,
1) "Assessment order" says, i didnt provide proper responses to show the source of income. Although i provided detailed reply to IT Dept.
2) Demand notice says, I need to pay Rs.0 for Assessment year 2019-20. If required i can apply for appeal option within 30 days.
3) IT Department opened the penalty notice u/s 271(1)(c), 271F, 271(1)(b).
Please advice, based on the demand notice, can i consider this case is CLOSED (or) Based on assessment order, still the case is OPEN.
Im confused. Please advice. What action i need to take now?.
CAclubindia
