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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Penalty u/s. 272A(2)(c) - non-submission of information as ...

Income Tax

September 12, 2015

Penalty u/s. 272A(2)(c) - non-submission of information as willful default - Addl. CIT initiated penalty proceedings by issuing only one notice but levied penalty for three notices - This indicates that without issuing notice, the Addl. CIT, CIB levied penalty three times for the same default. This cannot be justified. - AT

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  4. Penalty U/s 272A(2)(c) on bank - delay in furnishing information under the various codes asked by issuing notice by the ITO - non-compliance was not willful but it was...

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  9. Extended period of limitation - the positive action with a negative intention of wilful and deliberate default is a mandatory prerequisite to conclude wilful...

  10. Penalty u/s 272A (2) (k) - assessee has failed to submit the quarterly TDS statements in Form No. 26Q - The reasonable cause of ignorance of technical knowledge lack of...

 

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