ITAT Delhi quashes Section 271AAB Penalty for Defective Notice

Landcraft Developers (Pvt.) Ltd Vs ACIT (ITAT Delhi)

Introduction: In the case of Landcraft Developers (Pvt.) Ltd Vs ACIT, the issue of penalty u/s 271AAB of the Income Tax Act was contested. The appeal arose from the order of the Commissioner of Income Tax (Appeals)-29, New Delhi, concerning the Assessment Year 2013-14. The primary question before the Income Tax Appellate Tribunal (ITAT) was whether the penalty levied under section 271AAB was justified.

Detailed A

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