Penalty Imposed by AO u/s 271(1)(b) Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]

Penalty Imposed by AO - Income Tax Act for Non- Compliance to Notices issued Assessment Limitation Period - ITAT Dismisses Appeal - TAXSCAN

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) held that the penalty imposed by Assessing Officer (AO) during assessment proceeding under Section 271 of Income Tax Act,1961 is within the period of limitation contemplated in clause (a) of subsection (1) to Section 275 of the Income Tax Act. The assessee Santosh Jain was engaged…

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