Answers On Topic: Penalty u/s 271DA
deptt/ revenue could not bring even a single piece of evidence on record that assessee has recd more than rs 2/lakhs from a particular person during a particlar assessment. nor the assessment proceeding took place for thatAY.assessee directly recd notice u/s 274 r.w.s 271DA and imposed penalty u/s 271DA.whether ao can imposed as he did not have any evidence, secondly as no assessment took place for that assessment year, penalty can be imposed in the absence of assessment being made.
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Penalty u/s 271DA was imposed against the assessee but details of the transaction have not been given in the SCN issued before imposing penalty. Even the amount of penalty to be imposed not mentioned in the SCN. Is the penalty is valid.
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regarding penalty u/s 271DA.