5 results for “penalty u/s 271”+ Section 73clear
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In the result, the appeal of the assessee is allowed
Bench: Shri M. Balaganesh(Through Virtual Hearing)
section 271(1)(c) the penalty proceedings had been initiated under i.e. whether for concealment of particulars of income or for furnishing of inaccurate particulars of income. The Karnataka High Court had followed the above judgment in the subsequent order in CIT ITA Nos. 06, 07 & 08/AGR/2023 Vectus Industries Ltd v. SSA's Emerald Meadows [2016] 73 taxmann.com