Kerala HC Orders IT Dept to Review Stay Petition on Sec 271A Penalty Proceedings

Wexco Homes Private Ltd. Vs ACIT (Kerala High Court)

Introduction: In a recent case between Wexco Homes Private Ltd. and the Assistant Commissioner of Income Tax (ACIT), the Kerala High Court directed the Income Tax Department to consider a stay petition regarding penalty proceedings initiated under Section 271A of the Income Tax Act.

Detailed Analysis: Wexco Homes Private Ltd., a private limited company, underwent a search within its business premises und

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