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Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT
May, 13th 2022

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271E of the Income Tax Act, 1961 cannot be levied in the absence of a regular assessment against the assessee. A division bench of the Tribunal was considering a second appeal filed by the assessee, Vijayaben…


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