Re: HOW TO DEAL WITH PEANLTY SCN OR

In assessmet order Ld. AO has initiated penalty separately

WE ARE GOING TO DTVSV UNDER DISPUTED TAX HEAD , ALSO RECEIVED FORM 3 ,

NOW NFSC (NATIONAL FACELESS ASSESSMENT CENTRE) ISSUE SCN REGARDING PENALTY

UNDER DTVSV IF UR DISPUTED IS ON TAX AMOUNT THEN PEANLTY AND INTEREST IS WAIVED ON SUCH AMOUNT

PLS HELP HOW TO DEAL WITH SUCH SCN REGARDING PENALTY

The assessee may have to file detailed reply explaining the facts and also  file the copy of form  Nos , 1, 2, 3 and tax paid details  in response to show cause notice  and pray for  drop the penalty proceedings initiated against the assessee. It is also desirable to file  a  detailed reply to show cause notice on merit and also request for  drop the penalty proceeding .  The assessee should also mention that in case the  Assessing Officer decided to proceed further one ore opportunity of hearing may be granted to the assessee.  In case the assessing Officer levy  the penalty , it is desirable to file an appeal before the CIT ( A) .  

 

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