No Penalty for Turnover Suppression: Taxes Paid with Interest Before Section 148 Notice, Avoids Section 271 Penalty.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271 - suppression of turnover - The suppression of turnover is different from the suppression of income. - taxes with interest paid after survey but before notice u/s 148 - no penalty - HC....