TMI BlogOnce proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have not been initiated in the regular...Once proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have not been initiated in the regular assessment by AO, then penalty proceedings cannot be initiated in the reassessment proceedings and penalties are liable to be deleted - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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