Format of reply to Penalty notice under section 272B

Format of reply to Penalty notice under section 272B for wrong quoting or non-quoting of PAN/ Aadhaar Number

Income tax department issue notice under section 272B of Income Tax Act 1961, to the Assessee’s who filed their Income tax Return, but filled wrong PAN / Aadhaar Number or not filled PAN/ Aadhaar Number  in their Income tax Returns. Under section 272B Assessing office can impose a penalty of Rs. 10,000/- on Assessee for wrong quoting or non-quoting of PAN/ Aadhaar Number in Income Tax Return.

Now a question arises what should Assessee reply if he filled wrong PAN/ Aadhaar Number or failed to file PAN/ Aadhaar Number? We are producing below a standard format of reply to the Assessing Officer which Assessee may use if they received any such notice from Income Tax Department.

To

Date –

Applicant:- ________________________________

________________________________

_________________________________

Subject: – Reply to Your Office notices under section 272B of Income Tax Act, 1961

Ref: Your Office Letter No………….. Dated …………….

Sir,

I refer to your aforesaid letter dated ……….by which your Honor proposed to levy a penalty of Rs. 10,000/- for *wrong PAN or Aadhaar Number /No PAN or Aadhaar Number on income Tax Return and would like to submit as under:-

1.  That I  filed the return of income in your Honours office for the Assessment year ………. On ……………… however due to some mistake I quote the *wrong pan number or Aadhaar Number / Forgot to Quote the PAN or Aadhaar Number on the Return. The correct pan / Aadhaar Number number is as under:

__________________________

2. I hereby request your Honor to kindly accept the correct pan number.

Prayer:-

I would further like to request your Honor to accept the correct pan number/ Aadhaar Number and drop the penalty proceeding initiated u/s 272B as there was no malafide intention behind the *wrong quote/ No Quote of PAN/ Aadhaar Number.

Your faithfully

Sd/-

(Assessee Name)

* Strikeout whichever is not applicable

*****

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(Republished with Amendments by Team Taxguru)