Penalty proceedings u/s 271D and 271E - Period of limitation - ...

Case Laws Income Tax

October 17, 2022

Penalty proceedings u/s 271D and 271E - Period of limitation - Apparently in this case, the first notice was issued on 15.12.2013 and second notice was issued on 16.01.2014 are identical. Therefore, from the date of notice dated 15.12.2013, the penalty order should have been passed on or before 30th June 2004 but were passed on 30th July 2014. Therefore, both the orders of the penalty are barred by limitation. - AT

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Penalty proceedings u/s 271D and 271E - Period of limitation - ...

Case Laws Income Tax

October 17, 2022

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