High Court of Judicature at Bombay Considers Assessee's Belated Challenge to Penalty Notice in Income Tax Appeal; Court Examines Whether 30-Year-Old Defect in Notice Under Section 271(1)(c) Can Vitiate Penalty Absent Prejudice. The court focused on the threshold test of factual prejudice and whether a technical plea not raised before lower forums can be urged in a Section 260A appeal....
The appeal before the High Court of Judicature at Bombay arose under Section 260A of the Income-tax Act, 1961, challenging the order of the Income-tax Appellate Tribunal dated 30 October 2001, which h...
