Search: penalty u/s 271

2 results for “penalty u/s 271”+ Section 153C(1)(a)clear

Sorted by relevance

Key Topics

Section 271(1)(c)10 Section 153C8 Section 1474 Section 2742 Section 1482 Section 50C2 Section 143(3)2 Section 153A2 Penalty2

YASH KUMAR GOYAL,GWALIOR vs. DCIT/ACIT 2(1), GWALIOR, GWALIOR

In the result, both appeals filed by the assessee are allowed

ITA 518/AGR/2025[2012-13]Status: DisposedITAT Agra19 Feb 2026AY 2012-13

Bench: : Shri S. Rifaur Rahman

Section 143(3)Section 147Section 148Section 153ASection 153CSection 271(1)(c)Section 274Section 50C

153C, the Assessing Officer cannot make additions based on the original reasons recorded under Section 147/148 unless they are supported by incriminating material found during the search. 4. That the penalty proceedings initiated under Section 271(1)(c) are invalid and unsustainable in law as the Assessing Officer failed to specify in the notice under Section 274 whether the penalty