Case Law Details
Case Name : Vikas Vijay Gupta Vs PCIT (ITAT Ahmedabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Ahmedabad
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Vikas Vijay Gupta Vs PCIT (ITAT Ahmedabad)
Procedural error in penalty proceedings can be rectified- ITAT Ahmedabad confirms validity of revision u/s 263 for wrong penalty notice
PCIT in 263 order held that though the AO in the body of the reassessment order concluded the unexplained amount of Rs.66,63,250/= is required to be taxed u/s.69A in line with section 115BBE & also initiated penalty proceeding u/s.271AAC[1] but erroneously issued penalt Please become a Premium member. If you are already a Premium member, login here to access the full content.
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