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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Penalty – Second notice issued u/s 158BFA(2) does not confer any ...


Second Notice u/s 158BFA(2) Cannot Extend Time or Initiate New Penalty Proceedings Against Taxpayer.

March 8, 2014

Case Laws     Income Tax     AT

Penalty – Second notice issued u/s 158BFA(2) does not confer any power to Revenue to Denovo penalty proceedings against the assessee - The statutory time limit cannot be enlarged with the issuance of fresh notice - AT

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