271D/271E Penalties Time-Barred: Limitation Runs from AO’s Action, Not Addl. CIT Notice

Sanjeev Jai Narain Aeren Vs ACIT (ITAT Delhi)

Limitation Starts with AO’s Action, Not Addl. CIT’s Notice: ITAT Quashes 271D/271E Penalties as Time-Barred

The Delhi Bench of the Income Tax Appellate Tribunal allowed a batch of eight appeals filed by the assessee and deleted penalties imposed under sections 271D and 271E for A

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