2018 (6) TMI 106 - SCH - Income Tax

Validity of penalty orders u/s 271AAB - penalty notice issued under Section 274 read with Section 271 - penalty where the search has been initiated - Held that - SLP dismissed - HC order confirmed. 2017 (12) TMI 70 - ALLAHABAD HIGH COURT HC has held no proceeding under Section 271(1)(c) are initiated by the assessing authority during the course of the assessment proceeding under Section 143(3), the impugned penalty proceedings under Section 271AAB are fully justified and are initiated in accordance with law - Decided in favour of assessee.

Summary

The Supreme Court of India in 2018 dismissed the special leave petitions as no grounds were found to interfere with the impugned order(s). Pending applications were also disposed of.