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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Notice of penalty u/s wrong provision of Act – The standard ...


Penalty Notice Under Wrong Income Tax Act Provision Deemed Unsustainable Due to Ambiguity and Lack of Proper Consideration.

November 8, 2013

Case Laws     Income Tax     AT

Notice of penalty u/s wrong provision of Act – The standard proforma without striking of the relevant clauses will lead to an inference as to non-application of mind - Penalty should be clear as to the limb for which it is levied and the position being unclear here the penalty is not sustainable - AT

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