Penaltyu/s 271(c) of Income Tax not leviable in Absence of Proper Show Cause Notice to the Assessee: ITAT

Clipped from: https://www.taxscan.in/penalty-u-s-271c-of-income-tax-not-leviable-in-absence-of-proper-show-cause-notice-to-the-assessee-itat/268370/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penaltyu/s%20271(c)%20of%20Income%20Tax%20not%20leviable%20in%20Absence%20of%20Proper%20Show%20Cause%20Notice%20to%20the%20Assessee:%20ITAT The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty is not leviable in absence of proper show cause notice to

Persons whose Custody Goods found are bound to provide Information Within a Reasonable Time: Delhi HC:

Clipped from: https://www.taxscan.in/persons-whose-custody-goods-found-are-bound-to-provide-information-within-a-reasonable-time-delhi-hc/268224/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Persons%20whose%20Custody%20Goods%20found%20are%20bound%20to%20provide%20Information%20Within%20a%20Reasonable%20Time:%20Delhi%20HC: Delhi High Court in its recent judgement held that information about the goods must be produced within a reasonable time by the person

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