The Indore bench of the Income Tax Appellate Tribunal (ITAT) on Thursday ruled that no penalty proceedings can be initiated on a suspected defaulter assessee without specifying the charges levied against him. The aggrieved, Mr. Vivek Chugh had a search and seizure operation carried out in his business as well as his residential premises as […]
The post Penalty Proceedings can’t be initiated without a specific Charge: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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