Question

What do you understand by penalties ?Why are penalties imposed upopn assesee?

Answer 1

as per section 221(1),if a texpayer is treated as an assessee in default, then he shall be liable to pay penalty of such an amount as the assessing officer may impose..... Thus,Penalty under section under 221(1)is a general penalty and can be levied in all the cases in which the texpayer is treated as an assessee in default.