https://www.taxtmi.com/caselaws?id=282255 The High Court dismissed the argument that no valid notice was issued under section 271AAB of the Income Tax Act, 1961, despite a typographical error in the notice initially labeled under section 271AAA. The Court emphasized that the correction occurred before penalty proceedings advanced, allowing the assessee a full opportunity to defend. However, the Court expressed intent to further examine the lack of sanction for initiating penalty proceedings, scheduling the matter for final disposal to delve into this crucial issue. en-us Mon, 15 Oct 2018 00:00:00 +0530 Mon, 29 Jul 2019 20:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282255 The High Court dismissed the argument that no valid notice was issued under section 271AAB of the Income Tax Act, 1961, despite a typographical error in the notice initially labeled under section 271AAA. The Court emphasized that the correction occurred before penalty proceedings advanced, allowing the assessee a full opportunity to defend. However, the Court expressed intent to further examine the lack of sanction for initiating penalty proceedings, scheduling the matter for final disposal to delve into this crucial issue. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282255