cpc

penalty show cause and final assessment order


 

In our case under sec 148 Income tax Act,AO has sent by post both Assessment order as well as penalty showcause u/s 271,274 ITAct to us.Now the penalty showcause shows a forthcoming date as opportunity of hearing against penalty levied.How can the assessment order be final then?
Has the AO erred by not giving penalty showcause and hearing before making final assessment order?

 
Reply   
 
Retired

I think penalty is different than assessment.

 
Reply   
 



but the reply in both are statement of same facts and he should have made penalty show cause before making assessment order

.

 
Reply   
 

Penalty proceedings are initiated only at the time of the finalization of the assessment. How can the AO decide whether you have furnished inaccurate particulars of income or concealed you true income without finalizing the assessment?

Sec. 148 deals with reassessment. The AO has reassessed you case and passed an order. Following that he has initiated penalty proceedgins and given you an opportunity of being heard.

The AO has taken proper steps according to me in the case mentioned my you.

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

IPC Grand Course     |    x