Webchargeable to tax as if it were the total income. In Ex. 2, Tax on UI = Tax on Rs. (6 + 2.5) 8.5 Lacs – Tax on Rs. 2.50 Lacs. ii. where the total income determined u/s 143(1)(a) or assessed, reassessed or recomputed in a preceding order is a loss, the amount of tax calculated on the under-reported income as if it were the total WebIf a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.] 2 …
Determination Of Income Tax Under Section 115bbe Of Income Tax Act …
Web7 Nov 2024 · Trib.) ITAT Lucknow has held that penalty under section 271B for failure to get accounts audited and furnish tax audit report u/s 44AB cannot be levied simultaneously along with penalty u/s 271A. These appeals are preferred by the assessee against the consolidated order of the ld. CIT (A) on a common ground that the ld. CIT (A) has erred in ... Web12 Feb 2016 · S. 271 (1) (c)/ 271 (1-B): If the notice is issued without application of mind (by striking out the relevant part in the notice), the penalty proceedings are invalid. It is clear that the notice is issued proposing to levy penalty under Section 271 (1) (b) of the Act whereas the order is passed by the Assessing Officer under Section 271 (1) (c ... boats for sale facebook marketplace georgia
Section 271F - Penalty for failure to furnish return of income - Income …
Web29 Nov 2013 · Section 271 (f) (2) uses the language “knowing that such component is so made or adapted and intending that such component will be combined,” which is similar … Web11 Apr 2024 · Section 276B of the Act. 276B. Failure to pay tax to the credit of Central Government under Chapter XIID or XVIIB.—If a person fails to pay to the credit of the … Web22 Aug 2024 · 3. The issue raised in the present appeal is against levy of penalty under section 271(1)(b) of the Act at 10,000/-. 4. Briefly, in the facts of the case, case of assessee was taken up for scrutiny. The Assessing Officer issued notice under section 142(1) of the Act, dated 10.09.2014 along with questionnaire. boats for sale facebook marketplace illinois