REPLY OF NOTICE UNDER SECTION 274 READ WITH SECTION 271(1)(C) FOR PENALTY PROCEEDINGS IN ABEYANCE

From,

…………………………………..

…………………………………..

Dated ………………………..

To,

The Assessing Officer,

Circle/Ward …………………….

Dear Sir/Madam,

Subject : Reply of Your Notice u/s 271(1)(c) for Penalty proceedings.

PAN No ……………

Please refer to your notice dated ………….. u/s 274 read with section 271 (1) (c) in respect of penalty for alleged concealment for Assessment Year …………………… served on my client ………………. ,

I have been instructed to make the following submission :

That my client has preferred an appeal before the learned Commissioner of Income Tax (Appeals) on …………… A copy of Form No. 35 and xerox of acknowledgement for filing the appeal are enclosed for your kind perusal. (Annexures).

As my client is hopeful of considerable relief in the said appeal, I would request you to keep the penalty proceedings in abeyance till the final disposal of the appeal by the Learned Commissioner of Income Tax (Appeals) .

And for this act of kindness my client, as duty bound, shall ever pray.

Thanking you

Yours faithfully

……………………………

For more information and assistance with tax appeals, visit www.companymitra.com.

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The document provided above is a draft format intended solely for informational and reference use. It does not constitute legal advice or professional opinion. You are advised to consult a qualified Chartered Accountant, Company Secretary, or legal advisor before relying on or using this format.

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