Penalty Proceedings Begin with AO's Referral to Addl. CIT: Key for Limitation Period u/s 275(1)(c) of Income Tax Act.

Penalty Proceedings Begin with AO's Referral to Addl. CIT: Key for Limitation Period u/s 275(1)(c) of Income Tax Act. https://www.taxtmi.com/highlights?id=61166 Penalty u/s.271D & 271E - Period of limitation for imposing penalty u/s 275(1)(c) - he discussion by the AO in the assessment order and making reference to the Addl. CIT for imposition of penalty under section 271D or 271E of the Act, constitutes initiation for action for imposition of penalty and that is the date which should be reckoned for the purpose of limitation as specified in clause (c) of section 275(1) of the Act. - AT en-us Tue, 28 Dec 2021 12:26:19 +0530 Tue, 28 Dec 2021 12:26:19 +0530 TaxTMI RSS Generator Penalty Proceedings Begin with AO's Referral to Addl. CIT: Key for Limitation Period u/s 275(1)(c) of Income Tax Act. https://www.taxtmi.com/highlights?id=61166 Penalty u/s.271D & 271E - Period of limitation for imposing penalty u/s 275(1)(c) - he discussion by the AO in the assessment order and making reference to the Addl. CIT for imposition of penalty under section 271D or 271E of the Act, constitutes initiation for action for imposition of penalty and that is the date which should be reckoned for the purpose of limitation as specified in clause (c) of section 275(1) of the Act. - AT Highlights Income Tax Tue, 28 Dec 2021 12:26:19 +0530 https://www.taxtmi.com/highlights?id=61166