No penalty u/s 271AAA if tax and interest are paid on time per Section 156 before penalty proceedings conclude.

No penalty u/s 271AAA if tax and interest are paid on time per Section 156 before penalty proceedings conclude. https://www.taxtmi.com/highlights?id=24330 Penalty proceedings u/s.271AAA - no penalty u/s.271AAA can be levied if the assessee has paid the tax and interest due thereon within the time limit provided in notice of demand u/s.156 and also well before the penalty proceedings were concluded. - AT en-us Fri, 21 Aug 2015 08:23:17 +0530 Fri, 21 Aug 2015 08:23:17 +0530 TaxTMI RSS Generator No penalty u/s 271AAA if tax and interest are paid on time per Section 156 before penalty proceedings conclude. https://www.taxtmi.com/highlights?id=24330 Penalty proceedings u/s.271AAA - no penalty u/s.271AAA can be levied if the assessee has paid the tax and interest due thereon within the time limit provided in notice of demand u/s.156 and also well before the penalty proceedings were concluded. - AT Highlights Income Tax Fri, 21 Aug 2015 08:23:17 +0530 https://www.taxtmi.com/highlights?id=24330