Tag: Penalty limitation u/s 275

Date of initiation of penalty in assessment order is the relevant date u/s 275(1)(c) for limitation

Date of initiation of penalty proceedings in assessment order is the relevant date u/s 275(1)(c) for limitation purpose.  ABCAUS Case Law CitationABCAUS 3618 (2022) (11) HC  Important Case Laws relied upon by parties Principal Commissioner of Income-Tax vs. Mahesh Wood Products Pvt. Ltd.Principal Commissioner of Income-Tax vs. JKD …

Limitation us 275 imposing penalty starts from date of initiation by AO though it is imposable by Addl/JCIT. Penalty us 272A(2)(k), 271C held time barred

Limitation us 275 imposing penalty starts from the date of initiation by the Assessing Officer though it is imposable by Additional/Joint Commissioner of Income-tax but there is no bar on the initiation of penalty proceedings by the ITO. Proceedings us 272A(2)(k), 271C held time barred by ITAT ABCAUS …