Initiation of Penalty Proceedings u/s 271A of Income Tax Act: Kerala HC directs Income Tax Dept to consider Stay Petition [Read Order]

The Kerala HC directed the Income Tax Department to consider tax petition in the matter regarding the initiation of penalty proceedings under Section 271A of the Income Tax Act
By Kalyani B. Nair - On February 20, 2024 9:33 pm - 2 mins read
kerala HC - Kerala High Court - Income Tax Department - Stay Petition in Penalty Proceedings - Taxscan

The Kerala High Court directed the Income Tax Department to consider tax petition in the matter regarding the initiation of penalty proceedings under Section 271A of the Income Tax Act, 1961. The petitioner is a private limited company registered under the provisions of the Companies Act. A search was conducted within the business premises of…

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