Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b) – ITAT
August 2, 2018
Income Tax, ITAT
Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b). Mere proposal to initiate penalty proceedings not amount to recording the satisfaction-ITAT ABCAUS Case Law Citation: ABCAUS 2446 (2018) 08 ITAT The instant judgment was delivered in a bunch of appeals filed by several assessee …