Levy of penalty - defective notice - provisions of section ...

Penalty u/s 271AAB Not Mandatory: Term "May" Indicates Discretion, Not Obligation, in Penalty Proceedings.

May 16, 2017

Case Laws Income Tax AT

Levy of penalty - defective notice - provisions of section 271AAB are not mandatory -Sub-section (1) of section 271AAB uses the word "may" not "shall". "May" cannot be equated with "shall" especially in penalty proceedings. - AT

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Levy of penalty - defective notice - provisions of section ...

Penalty u/s 271AAB Not Mandatory: Term "May" Indicates Discretion, Not Obligation, in Penalty Proceedings.

May 16, 2017

Case Laws Income Tax AT

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