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why proceeding should not be initiated against it under Section 201 (1) (1A) of the Act

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Sec. 271(C) of Income Tax Act, 1961 - Penalty - The show cause notices were issued to the petitioner on 17.3.2020, calling upon it as to why proceeding should not be initiated against it under Section 201(1)(1A) of the Act. The petitioner through e-mail requested for a period of three weeks to respond to the same on account of the lockdown declared by the Government of India. The respondent issue another Notice to show cause dated 23.3.2020 and once again, the petitioner sought time to furnish the requisite information and reply to the show cause notice, but to no avail. Finally, the impugned order dated 26.3.2020 came to be passed by the respondent. The respondent stated that they will withdraw the impugned orders dated 26.3.2020 and all consequent orders and shall afford an opportunity to the petitioner to reply to the Show cause notices dated 17.3.2020. Immediately after the lockdown is withdrawn by the Government, a period of two weeks reckoned therefrom is granted to the petitioner to reply to the Notices to the show cause issued by the respondent. Immediately after receiving replies to the Notices to show cause, the respondent shall be at liberty to take further steps in both the matters, in accordance with law. - BT INDIA PRIVATE LTD. V/s ITO - [2020] 315 CTR 341 (DEL)