https://www.taxtmi.com/caselaws?id=383747 The High Court upheld the validity of penalty proceedings under Section 271AAB, ruling that the correction of the reference from Section 271AAA to Section 271AAB through a corrigendum was a typographical error and did not invalidate the proceedings. The Court emphasized that the appellant had the opportunity to defend against the penalty, and the lack of a separate notice under Section 271AAB did not vitiate the proceedings. The Court also clarified that prior sanction for initiating penalty proceedings under Section 271AAB was obtained, and the penalty order was approved by the Joint Commissioner of Income Tax. The appeal was rejected, affirming the penalty of Rs. 30,00,000 under Section 271AAB. en-us Tue, 16 Jul 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383747 The High Court upheld the validity of penalty proceedings under Section 271AAB, ruling that the correction of the reference from Section 271AAA to Section 271AAB through a corrigendum was a typographical error and did not invalidate the proceedings. The Court emphasized that the appellant had the opportunity to defend against the penalty, and the lack of a separate notice under Section 271AAB did not vitiate the proceedings. The Court also clarified that prior sanction for initiating penalty proceedings under Section 271AAB was obtained, and the penalty order was approved by the Joint Commissioner of Income Tax. The appeal was rejected, affirming the penalty of Rs. 30,00,000 under Section 271AAB. Case-Laws Income Tax Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383747