What will be the consequence if I do not respond, or pay the additional amount demanded u/s 156?

What will be the consequence if I do not respond, or pay the additional amount demanded u/s 156?

Failure to respond to the 156 Tax Notice Demand will attract the following penalties

  1. Interest up to 1% on the demanded amount after 30 days expiry time (u/s 220).
  1. Penalty less than the tax demanded u/s 156, amount being determined by the Assessing Officer (u/s 221).

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