Section 271D Penalty: Limitation Period Commences from ITO’s Reference to Addl. CIT, Rules HC

PCIT Vs K Umesh Shetty (Karnataka High Court)

In the recent ruling Hon’ble HC have observed that penalty proceedings, initiated u/s 271 D is barred by delay & laches as period of limitation starts from the reference made by ITO to Addl. CIT.

Appellant is engaged in doing digital printing. The question involved in the matter was whether penalty proceedings, initiated u/s 271 D are barred by delay & laches. Assessment in the matter is completed by making certain additions. A reference was made to the Addl. CIT for initiation for penalty u/s 271D alleging violatio

Please become a Premium member. If you are already a Premium member, login here to access the full content.