Sec. 271AAA-No penalty where demand paid before penalty order

Brief of the Case ITAT Pune held In the case of DCIT vs. M/s. Tapadia & Kasliwal Associates that in an identical issue before the Kolkata Bench of the Tribunal in the case of DCIT vs. Pioneer Marbles and Interiors Pvt. Ltd. reported in 144 TTJ 663, it was held that wherein entire tax and interest has been duly paid well within the time limit for payment of notice of demand under section 156 and well before the penalty proceedings were concluded, the assessee could not be denied the immunity under section 271AAA (2) only because entire tax, along with interest, was not paid before filing of...