Tuesday, November 27, 2012

[aaykarbhavan] PENALTY UNDER P-TAX

Dear friends,

Under P-tax(mah)penalty may be levied u/s 5(5) for late registration, which means it is not mandatory.

In one of my case PTO says he will have to levy penalty as per instructions of S/tax department.

I would like to know whether penalty is a must and can PTO waive the penalty?
can appeal be preferred u/s 13 and could it be successful?

Would also like to know any other remedy in such cases.
Thank you.
moiz



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