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Penalty proceedings not to be initiated

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Sir/Mam,
Is there any provision in income tax act where penalty proceedings cannot be initiated by department considering age of the assessee.
There is a provision similar to this in settlement provisions, but is there any provision where department cannot itself levy/initiate penalty proceedings.

Your advice would be greatly helpful.
It would be grateful if you help me out.

Thanking You.
Replies (1)
There's age limitation for initiating prosecution proceedings under income tax act. I don't think there's any provision in income-tax act for non initiation of penalty proceedings on age criteria. let's wait for experts opinion


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