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Penalty Notice Issued After Deadline Expired; No Action Taken u/s 271(1)(c) of the Income Tax Act.
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....Limitation – Notice for penalty u/s 271(1)(c) - the notice under Section 271(1)(c) of the Act was handed over to the counsel on 13.03.1989, and by then, the time available for completion of assessment was already over on 31.03.1988 - no penalty - HC....