https://www.taxtmi.com/highlights?id=46540 Levy of penalty u/s 271B - no initiation of penalty u/s 271B despite higher gross receipt was available to the AO while passing the original assessment order - penalty proceedings initiated in order passed in remanded matter by Tribunal after a long gap of more than 4 ½ years from the date of original assessment is barred by limitation en-us Thu, 16 May 2019 08:03:27 +0530 Thu, 16 May 2019 08:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46540 Levy of penalty u/s 271B - no initiation of penalty u/s 271B despite higher gross receipt was available to the AO while passing the original assessment order - penalty proceedings initiated in order passed in remanded matter by Tribunal after a long gap of more than 4 ½ years from the date of original assessment is barred by limitation Highlights Income Tax Thu, 16 May 2019 08:03:27 +0530 https://www.taxtmi.com/highlights?id=46540