Penalty Contested u/s 271(1)(c) for Notice Defect; No Prejudice Found Against Assessee After a Decade.

Penalty Contested u/s 271(1)(c) for Notice Defect; No Prejudice Found Against Assessee After a Decade. https://www.taxtmi.com/highlights?id=39215 Levy of penalty u/s 271(1)(c) - defect in the notice - it was only after 10 years, when the appeals were listed for final hearing, this issue is sought to be raised - even assuming that there was defect in the notice, it had caused no prejudice to the assessee and the assessee clearly understood what was the purport and import of notice issued under Section 274 r/w.Section 271 of the Act. - HC en-us Thu, 03 May 2018 14:59:09 +0530 Thu, 03 May 2018 14:59:09 +0530 TaxTMI RSS Generator Penalty Contested u/s 271(1)(c) for Notice Defect; No Prejudice Found Against Assessee After a Decade. https://www.taxtmi.com/highlights?id=39215 Levy of penalty u/s 271(1)(c) - defect in the notice - it was only after 10 years, when the appeals were listed for final hearing, this issue is sought to be raised - even assuming that there was defect in the notice, it had caused no prejudice to the assessee and the assessee clearly understood what was the purport and import of notice issued under Section 274 r/w.Section 271 of the Act. - HC Highlights Income Tax Thu, 03 May 2018 14:59:09 +0530 https://www.taxtmi.com/highlights?id=39215