Penalty u/s 271D cannot be Imposed after the Expiry of larger Period of Limitation: ITAT [Read Order]

Penalty - Imposed after the Expiry - Expiry - Expiry of larger Period of Limitation - Limitation - ITAT - Income Tax - Taxscan

The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 271D of the Income Tax Act, 1961 could not be imposed after the expiry of a larger period of limitation. The assessee, Jagdish Chandra Suwalka, filed his return on 29.10.2015 through E-filing which was processed under Section 143(1) of…

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