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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Notice u/s 271AAB to levy penalty u/s 271(1)(c) - AO gets the ...


AO Must Adhere to Initial Notice u/s 271AAB; Cannot Impose Penalty u/s 271(1)(c) Later.

July 25, 2019

Case Laws     Income Tax     AT

Notice u/s 271AAB to levy penalty u/s 271(1)(c) - AO gets the jurisdiction to levy the penalty by issuing a notice and therefore, it is not a procedural requirement but is a jurisdictional one - two provisions operate in different circumstances and by issuance of notice u/s 271AAB AO cannot thereafter change it to section 271(1)(c) and levy penalty thereunder - no penalty

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