https://www.taxtmi.com/highlights?id=60886 Penalty u/s 271AAB - the Ld. Assessing Officer was not aware as to on what basis he was levying the penalty. This action of AO in itself makes the penalty proceedings null and void, as assessee was not served with a correct notice u/s 274 of the Act to initiate the penalty proceedings. - AT en-us Sat, 11 Dec 2021 15:07:15 +0530 Sat, 11 Dec 2021 15:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60886 Penalty u/s 271AAB - the Ld. Assessing Officer was not aware as to on what basis he was levying the penalty. This action of AO in itself makes the penalty proceedings null and void, as assessee was not served with a correct notice u/s 274 of the Act to initiate the penalty proceedings. - AT Highlights Income Tax Sat, 11 Dec 2021 15:07:15 +0530 https://www.taxtmi.com/highlights?id=60886