WebPenalty u/s. 270A - Proceedings u/s. 272A(1)(d) - misreporting of the turnover - HELD THAT:- Admittedly, there is a suppression of turnover by the assessee while filing her return of income by declaring the income u/s. 44AD of the Act.Section 44AD is a presumptive taxation where 8% of the turnover is taxed as income. WebFeb 23, 2024 · 23 February 2024 I have received a Notice for Penalty under section 274 read with section 272A (1) (d) stating that “You are required to show cause as to why an order imposing penalty of Rs. 10,000/- per default u/s 272A (1) (d) of the Income-tax Act,1961 should not be passed .”. Request to help me to share the letter format for dropping ...
Section 272A in The Income- Tax Act, 1995 - Indian Kanoon
WebNov 24, 2016 · (iv) Section 288(4) has been consequentially amended to provide that no person, inter alia, on whom penalty has been imposed under this Act [other than penalty imposed under section 272A(1)(d)] shall be qualified to represent an assessee before any income-tax authority or the Appellate Tribunal in connection with any proceeding under … Web272A. (1) If any person,— (a) being legally bound to state the truth of any matter touching the subject of his assessment, refuses to answer any question put to him by an income-tax authority in the exercise of its powers under this Act; or (b) refuses to sign any statement … bisulphite sequencing pcr
US Technologies International Pvt. Ltd. Vs. The Commissioner of Income Tax
WebNov 17, 2024 · The late fee is not at the discretion of the tax authorities and is mandatory in nature [Section 234E]. Further, where a person fails to file the statement of tax deducted/ collected at source i.e. TDS/TCS return on or before the due dates penalty may be levied U/s 271H which may be a minimum of Rs. 10,000 & can go up to Rs. 1,00,000/-. WebSum of Penalty under section 270A & 272A(1)(d) of Income Tax Act ll Ministerial Staff Exam llITIExam - YouTube. This channel is for those employees in Income Tax Department who … WebLevying penalty u s 272A(1) non compliance of the notice issued under section. 142(1) HELD THAT It is not disputed that the assessee has participated in the assessment proceedings and ultimately. Home ... Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2024 (4) ... bisum scottish word