OL% Nagendra Reddy & Associates Chartered Accountants To ‘The Deputy Commissioner of Income Tax, Circle-1, Nellore, AP ~ 524001. Dear Sir, Sub: Reply to notice u/s 271(1)(c) of the Income Tax Act, 1961 (“the Act”) [DIN No.JITBA/PNL/F/17/2022-23/1044811380(1)] Re: Name of Assessee: Dhanush Srinivas Bollineni (“Assessee”). PAN: ASVPB7691P Assessment Year 2016-17 Under instruction from my client, we submit as under: With reference to your aforesaid notice dated 19.08.2022, by which your honour has proposed to levy'a penalty for having concealed the particulars of income or furnished inaccurate particulars of income u/s 271(1)(c) of the Act, we would like to submit as under: 1. That the assessee has declared all the particulars of income in the return with net tax payable amount of Rs.16,028/- rounded off to Rs.16,030/- and filed it on 31.03.2018 for the above mentioned assessment year, 2. The assessee remitted the above mentioned tax amount of Rs.16,030/- on the same day, 31.03.2018 vide CIN: 029017931032018 37073 the same reflects in 26AS, 3. Due to oversight Demand Notice vide DIN: 2021201637005327170T dated 31.03.2022 was served to us, by CPC, asking to remit the demand of above mentioned tax payable amount of Rs.16,030/-, 4, Followed by penalty notice was served to us vide your letter No. ITBA/PNL/S/271(1)(c)/2021-22/1042251480(1) dated 31.03.2022 and reminder notice served to us dated 19.08.2022 mentioned in the above captioned subject, We bring the above points to your good notice and would like to state that for the above mentioned assessment year the assessee has not concealed nor given any inaccurate particulars of income. Page 1of 2 156, 1" Floor, 22” Main, Off - 7" Cross, Near Rajarajeshwari Temple, BTM Layout, 2” Stage, Bangalore - 560076, ‘e-mail: nag_aca@hotmail.com, Tel.No. 080 - 2222 9927 Mob: 98800-29927