Accountancy, asked by hanumasribhupathi508, 3 days ago

Bring out the penalties levied under the law

Answers

Answered by vattax07
3

Answer:

No penalty under the Income-tax Act is imposed unless the person concerned has been given reasonable opportunity of being heard.

Explanation:

The levy of penalty is intended to work as a deterrent in committing the act or compensatory for loss caused to revenue.

Answered by pawarshreeya7
1

Explanation:

No penalty under the Income-tax Act is imposed unless the person concerned has been given reasonable opportunity of being heard.

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