Penalty by ao
This query is : Resolved
Gagan Deep Singh
(Querist)
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.
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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