in case of escaped income Of 1,80,000 as assessed by AO u/s 143 ,if interest @30 percent is levied making 1,50,000 ...is this interest called the penalty u/s 271 or penalty would be some other additional amount?
iti (ni) 06 January 2013
in case of escaped income Of 1,80,000 as assessed by AO u/s 143 ,if interest @30 percent is levied making 1,50,000 ...is this interest called the penalty u/s 271 or penalty would be some other additional amount?
binay (advocate) 06 January 2013
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