No Penalty under Section 271B if Penalty Already Levied under Section 271A

Haresh Ghanshyamdas Makhija Vs ITO (ITAT Mumbai)

Introduction: Haresh Ghanshyamdas Makhija contested an ex parte order from the Commissioner of Income Tax (Appeals) regarding penalties imposed under sections 271A and 271B of the Income Tax Act for the Assessment Year 2016-17. The Income Tax Appellate Tribunal (ITAT) Mumbai deliberated on the matter.

Detailed Analysis

1. Penalty Imposition: The assessee challenged

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