Sir/Mam,
Is there any provision in income tax act where penalty proceedings cannot be initiated by department considering age of the assessee.
There is a provision similar to this in settlement provisions, but is there any provision where department cannot itself levy/initiate penalty proceedings.
Your advice would be greatly helpful.
It would be grateful if you help me out.
Thanking You.
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Penalty proceedings not to be initiated
Replies (1)
There's age limitation for initiating prosecution proceedings under income tax act. I don't think there's any provision in income-tax act for non initiation of penalty proceedings on age criteria. let's wait for experts opinion
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