Penalty u/s 271C - period of limitation to issue notice - A ...

Six-Month Limitation Period for Issuing Penalty Notice u/s 271C of Income Tax Act Confirmed.

August 8, 2023

Case Laws Income Tax HC

Penalty u/s 271C - period of limitation to issue notice - A careful perusal of the second limb would show that the legislature has provided a limitation of six months, from the end of the month in which the action for imposition of penalty is initiated. - Even according to revenue the first limb of Section 275(1)(c) is not applicable. - HC

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Penalty u/s 271C - period of limitation to issue notice - A ...

Six-Month Limitation Period for Issuing Penalty Notice u/s 271C of Income Tax Act Confirmed.

August 8, 2023

Case Laws Income Tax HC

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