Penalty Timeline u/ss 271D and 275(i)(c) Starts from First Show Cause Notice Date.

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Full Text of the Document

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....Penalty under Section 271D - Period u/s 275(i)(c) - the period of limitation for the purpose of such penalty proceedings was not to be reckoned form the issue of first show cause, but from the date of issue of first show cause for initiation of such penalty proceedings - HC....