No Penalty can be levied based on Defective Notice: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Guwahati bench has held that the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961cannot be initiated on the basis of a defective notice. Earlier, the Tribunal had allowed the appeal of the assessee and canceled the penalty levied u/s. 271(1)(c) of the Act by taking note […]

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