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No interference is required to be made in the issue of notice under old provisions of Section 148 of the Income Tax Act extended uptill 30th day of June, 2021. The petition of the assessee is dismissed by Chhattisgarh High Court on 23/08/2021 in the case of Palak Khatuja Vs Union Of India
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In K.C. Builders (Supra), the Supreme Court held in para¬26 that once the finding of concealment and subsequent levy of penalties under Section 271 (1)(c) of the Act has been struck down by the Tribunal, there is no concealment, u/s 276¬C and 277 read with Section 278 of the Income Tax Act, 1961. Chattisgarh High Court again confirmed in M/S System India Castings vs The Principal Commissioner Of …. on 26 June, 2019