Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Period of limitation for levy of penalty - Penalty proceedings u/s 271D - penalty order, was passed beyond the time period prescribed by Section 275(1)(c) - the same having been passed after the lapse of six months from the end of the month in which the penalty proceedings were initiated by the AO - ITAT rightly deleted the penalty - HC
Period of limitation for levy of penalty - Penalty proceedings u/s 271D - penalty order, was passed beyond the time period prescribed by Section 275(1)(c) - the same having been passed after the lapse of six months from the end of the month in which the penalty proceedings were initiated by the AO - ITAT rightly deleted the penalty - HC
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