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penalty under section 78

Allied Laws - Started By: - jagannath prasad - Dated:- 19-5-2017 Last Replied Date:- 19-5-2017 - When scn under section 73 is for tax not-paid or short-paid, why do the adjudicating authorities not adjust the tax amount already paid while imposing . .....

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onfirmed 40 lakhs, appropriated 18 lakhs and imposed penalty of ₹ 40 lakh under section 78 when the fact is that only 22 lakhs was short declared.How far is adj authority correct in imposing 40 lakhs penalty. - Reply By KASTURI SETHI - The Repl .....

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