Tag: penalty under under wrong sections

Rectification of wrong penalty section not required notice to assesseee u/s 154(3) as assessee could not controvert the findings recorded ABCAUS Case Law Citation: ABCAUS 2271 (2018) (04) HC The instant petition was filed under Article 226 of the Constitution of India challenging the order of rectification passed …

Penalty u/s 271(1)(c) invalid for assessment made in search cases u/s 158BC of the Income Tax Act. Penalty proceedings initiated and completed under wrong sections invalid-ITAT ABCAUS Case Law Citation: ABCAUS 2040 (2017) (08) ITAT Assessment Year :  Block Period 1987-88 to 1997-98. Brief Facts of the Case: …