https://www.taxtmi.com/highlights?id=20792 Once proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have not been initiated in the regular assessment by AO, then penalty proceedings cannot be initiated in the reassessment proceedings and penalties are liable to be deleted - HC en-us Wed, 26 Nov 2014 10:57:24 +0530 Wed, 26 Nov 2014 10:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20792 Once proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have not been initiated in the regular assessment by AO, then penalty proceedings cannot be initiated in the reassessment proceedings and penalties are liable to be deleted - HC Highlights Income Tax Wed, 26 Nov 2014 10:57:24 +0530 https://www.taxtmi.com/highlights?id=20792