Allahabad HC Quashes Section 271D Penalty Order due to Denial of Hearing

Beyond Research And Development Limited Vs ITO (Allahabad High Court) The Allahabad High Court has quashed a penalty order issued by the Income Tax Department against Beyond Research And Development Limited, holding that the lack of a hearing violated the principles of natural justice. The company had challenged an ex-parte order for the Assessment Year 2022-23, which imposed a penalty under Section 271D of the Income Tax Act, 1961. The petitioner’s counsel argued that a requested hearing under the Faceless Penalty Scheme was not granted, making the order invalid. The Income Tax Departme...