20 December 2017
After the introduction of new penalty section 270A by finance act 2016 section 271(1)(c) becomes redundant. But in Assessment order received for AY 2015-16 which was completed in December 2017 penalty was still initiated u/s 271(1)(c). What's the reason for that?
20 December 2017
Sections 270A and 270AA will apply to cases pertaining to asst. yrs.. 2017-18 onwards and provisions of section 271(1)(c) will continue to be applicable to all cases up to asst. yr. 2016-17.
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