Procedure for penalty

This discussion clarifies when an Assessing Officer (AO) can impose penalties under various sections like 271B, 271(1)(c), and 270A. It distinguishes between penalties that must be initiated during or before assessment completion (like 271 and 270A) and those that can be initiated afterwards (like 271B). The importance of issuing a separate show cause notice for penalty proceedings is highlighted, although specific wording in the assessment order can sometimes be considered as initiation.