Possibility of penalty proceedings cannot be kept pending like a Damocle’s sword – High Court
February 10, 2025
High Courts, Income Tax
Possibility of initiating proceedings against an assessee cannot be kept pending over his head like a Damocle’s sword – Penalty u/s 271B quashed by High Court In a recent judgment, the Hon’ble Kerala High Court has quashed penalty u/s 271B observing that the possibility of initiating proceedings against …
