Penalty Imposed u/s 271(1)(b) for Non-Compliance with Section 142(1) Notice During Tax Investigation Over Seven Years.

Penalty Imposed u/s 271(1)(b) for Non-Compliance with Section 142(1) Notice During Tax Investigation Over Seven Years. https://www.taxtmi.com/highlights?id=43433 Penalty u/s 271(1)(b) - refusal to answer the notice u/s 142(1) - compliance to tax investigation - if the assessee really had no connection with such accounts, no prejudice could really have ensued to him if he would have complied with the notices - Levy of penalty confirmed for all the seven years. en-us Fri, 21 Dec 2018 07:08:44 +0530 Fri, 21 Dec 2018 07:08:44 +0530 TaxTMI RSS Generator Penalty Imposed u/s 271(1)(b) for Non-Compliance with Section 142(1) Notice During Tax Investigation Over Seven Years. https://www.taxtmi.com/highlights?id=43433 Penalty u/s 271(1)(b) - refusal to answer the notice u/s 142(1) - compliance to tax investigation - if the assessee really had no connection with such accounts, no prejudice could really have ensued to him if he would have complied with the notices - Levy of penalty confirmed for all the seven years. Highlights Income Tax Fri, 21 Dec 2018 07:08:44 +0530 https://www.taxtmi.com/highlights?id=43433