The Assessee was not filed return of income for AY 2013-14 though his income was taxable. Further on receipt of notice u\/s 148 he filed his return within 30 days. AO passed order u\/s 143(3)\/147, against which he filed appeal. AO issued notice for penalty u\/s 271F, assessee requested for kept in abeyance till disposal of appeal. Thereafter assessee opted for VSV and Form 5 has been issued by Jurisdictional PCIT. Now he received notice for penalty proceedings u\/s 271F again. What is remedy? <\/p>\n","protected":false},"excerpt":{"rendered":"
The Assessee was not filed return of income for AY 2013-14 though his income was taxable. Further on receipt of notice u\/s 148 he filed his return within 30 days. AO passed order u\/s 143(3)\/147, against which he filed appeal. AO issued notice for penalty u\/s 271F, assessee requested for kept in abeyance till disposal of appeal. Thereafter assessee opted for VSV and Form 5 has been issued by Jurisdictional PCIT. Now he received notice for penalty proceedings u\/s 271F again. What is remedy?<\/p>\n