| Question And Answer | |
|---|---|
| Subject: | Penalty u/s 271DA |
| Category: | Income-Tax |
| Querist: | Suresh Goyal |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | penalty u/s 271D |
| Date: | July 15, 2024 |
AS per penalty order 16.02.2024, Assessee received sum of Rs. 6,00,000/- from A in December 2020. Assessee received SCN in December 2023 for levy of penalty u/s 271DA. Assessee is raising following queries:-
- No Regular Assessment has been done for A.Y 2021-22. Whether the penalty can be imposed even if no regular assessment has been done.
- No details of transaction in the SCN has been given.
- Whether the AO/ JCIT who issued the notice u/s 274 r.w.s 271DA should record satisfaction before issue of notice.
Please Clarify the above
Reply of the Expert is awaited. Please check back later
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