ITAT Quashes Rs 2 Crore Penalty as Time-Barred; Limitation Starts from AO’s Reference, Not Show-Cause Notice:
Hyderabad ITAT quashes Section 271D penalty, holding limitation starts from the Assessing Officer’s reference for penalty proceedings.
Limitation Begins from AO’s Penalty Reference, Not Show Cause Notice.
Meetu Kumari
Jul 7, 2026Premium
ITAT Quashes Rs 2 Crore Penalty as Time-Barred; Limitation Starts from AO’s Reference, Not Show-Cause Notice
Hyderabad ITAT quashes Section 271D penalty, holding limitation starts from the Assessing Officer’s reference for penalty proceedings.
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Meetu Kumari
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Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
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