Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (10) TMI 979 - HC - Income TaxValidity of penalty u/s 271E - period of limitation - Held that:- Taking into consideration that under Section 275(1)(c) of the Act, it is no doubt that Commissioner is the competent authority and other contention that the notice was within limitation, in our view is misconceived inasmuch as AO on 30/12/2009 issued notice to the assessee and he was clear that no penalty proceedings required to be initiated. We ought to have held that the Department has taken advantage of any wrong. We are of the opinion that the issues are squarely covered therefore, in both the appeals we answer the question raised in favour of the assessee
|