|Question And Answer|
|Subject:||Assessment under section 148|
|Querist:||Adv. Saukhya Lakade|
|Answered by:||Advocate Shashi Ashok Bekal|
|Date:||January 13, 2023|
File Uploaded: Not Available
We have filed a return u.s 148 in response to notice u.s 148, then what is the status of earlier return filed us 139?
We would need to understand the facts of the case to comment on your question. If you want to know whether penalty is attracted under section 270A of the Income-tax Act, 1961 on excess declaration of income over and above the income declared in the original return, the answer is yes.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org
Leave a Reply