Use of Notice Proforma of Levy Penalty u/s 271AAB without Mentioning Charge is Defective and Invalid: ITAT [Read Order]

Use of Notice Proforma -Levy Penalty u s 271AAB - Charge is Defective and Invalid - ITAT - Taxscan

The Income Tax Tribunal (ITAT) Kolkata Bench ruled that the notice proforma of levy penalty under section 271AAB of Income Tax Act, 1961 without mentioning the charge is defective and invalid.  This appeal filed by the assessee is against the order of Commissioner of Income Tax (Appeals) [CIT(A)] for A.Y. 2016-17 The fact is that…

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