26 results for “penalty u/s 271”+ Section 127(2)clear
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In the result the appeals filed by the Revenue in ITA No
Bench: Shri T.R. SENTHIL KUMAR (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)
2 of TPO's order, Pg.55 of P/B). Thus there is no whisper in TPO's order that there is any failure on the part of the assessee as to maintaining documents specified u/s 92D r.w.r. 10D of the I.T. Rules. After considering entire material available on record, the Ld TPO did not recommend initiation of penalty proceedings u/s. 271AA