29 results for “penalty u/s 271”+ Section 10(5)clear
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In the result, the appeal of the assessee is allowed
Bench: Shri Shamim Yahya & Shri Yogesh Kumar Us
5 we find that non-appearance of the assessee before the AO was caused by non-receipt of the notice. This in our considered opinion can be construed as reasonable cause under section 273B for non-compliance by the assessee. Under such circumstances, rigors of penalty under section 271(1)(b) are not attracted in the case of the assessee