Levy of penalty u/s 221 - Error / Mentioning of wrong AY in the ...

Case Laws Income Tax

February 15, 2021

Levy of penalty u/s 221 - Error / Mentioning of wrong AY in the penalty order - Financial incapacity of an assessee to pay the tax - Year of assessment - The aforesaid mistake, if any, is not same under Section 292B of the Act under which only clerical error or accidental omissions can be protected. Therefore, the decisions on which reliance has been placed by the learned counsel for the revenue, has no application to the factual matrix of the case. - HC

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Levy of penalty u/s 221 - Error / Mentioning of wrong AY in the ...

Case Laws Income Tax

February 15, 2021

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