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What is Income Tax Penalty Limitation Ruling about?

The Delhi High Court ruled that the penalty order against Turner General Entertainment Networks India was barred by limitation, as the penalty proceedings were initiated on September 25, 2014, when the Assessing Officer made a reference, rather than on the issuance of a show cause notice on August 4, 2015. The court confirmed that the penalty must be imposed within six months of the initiation of proceedings, as stipulated by Section 275(1)(c) of the Income-tax Act. Consequently, the penalty order dated Feb

Author

CA.Shreehari Kutsa

Language

EN