Assessee Penalized Rs. 20,000 for Non-Compliance with Section 142(1) Notices; Initial Penalty Reduced from Rs. 60,000.

Assessee Penalized Rs. 20,000 for Non-Compliance with Section 142(1) Notices; Initial Penalty Reduced from Rs. 60,000. https://www.taxtmi.com/highlights?id=34126 Penalty u/s 271(1)(b) - non-appearance on six occasions on notices issues u/s 142(1) - assessee is liable to pay ₹ 20,000/- as penalty under Section 271(1)(b) of the Act as against ₹ 60,000/- imposed by the ld. Assessing Officer. - AT en-us Mon, 03 Apr 2017 09:08:58 +0530 Mon, 03 Apr 2017 09:08:58 +0530 TaxTMI RSS Generator Assessee Penalized Rs. 20,000 for Non-Compliance with Section 142(1) Notices; Initial Penalty Reduced from Rs. 60,000. https://www.taxtmi.com/highlights?id=34126 Penalty u/s 271(1)(b) - non-appearance on six occasions on notices issues u/s 142(1) - assessee is liable to pay ₹ 20,000/- as penalty under Section 271(1)(b) of the Act as against ₹ 60,000/- imposed by the ld. Assessing Officer. - AT Highlights Income Tax Mon, 03 Apr 2017 09:08:58 +0530 https://www.taxtmi.com/highlights?id=34126