Calculation of penalty U/s 271(1)(C), Income Tax

[anil goenka]

How we calculate penalty u/s 271(1)(C) in case of loss even after addition in assessment order if the assessee is individual ?  We can claim deduction chapter VI for tax calculation purpose or not. What is the actual  meaning of tax sought to be evaded as per explanation 4 (a) of section 271 in respect of my situation.  

Please reply in detail.

Reg

Sushil Kumar

9830202248

Sushil Kumar

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[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above said issue? If not please inform.