ITAT: Income Tax Penalty U/S 271E Cannot be Levied In Absence of Regular Assessment - 13.05.2022

Income Tax Appellate Tribunal, Ahmedabad has ruled that the income tax penalty under Section 271E of the Income Tax Act, 1961 cannot be levied in the absence of a regular assessment against the assessee.

Tags : Income Tax Appellate Tribunal Income Tax Act 1961 Section 271E assessee

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