Section 270AA Penalty Immunity Application Cannot Be Rejected on Insufficient Grounds or Vague SCNs

GE Capital Us Holdings Inc Vs DCIT (Delhi High Court)

Section 270AA penalty immunity application  cannot be rejected on the basis of on insufficient grounds & vague SCNs

The case titled “GE Capital Us Holdings Inc vs DCIT” before the Delhi High Court revolves around the application of Sections 270A and 270AA of the Income Tax Act, 1961 in the context of penalty proceedings initiated against the petitioner (GE Capital Us Holdings Inc).

Background and Proceedings:

• For Assessment Years (AY) 2018-19 and 2019-

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