| Question And Answer | |
|---|---|
| Subject: | 271(1)(b) – can penalty us 271(1)(b) levied for incomplete reply ? |
| Category: | Income-Tax |
| Querist: | sohini |
| Answered by: | Mr .Ganesh Purohit, Sr. Advocate |
| Tags: | 271(1)(b) |
| Date: | August 15, 2024 |
271(1)(b) – can penalty us 271(1)(b) levied for incomplete reply ?
The querist has not mentioned the assessment year; from assessment year 2017-18 no penalty can be imposed under this section. Refer clause (7) of section 271.
In the case of [2022] 139 taxmann.com 54 (Delhi)HIGH COURT OF DELHI in the case of Mrs. Jayanti Dalmia v. Deputy Commissioner of Income-tax has confirmed the penalty under this section for not complying with the direction to provide authorisation form for seeking information from Swiss account treating it as none compliance of notice under section 142(1).
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