59 results for “penalty u/s 271”+ Section 69Cclear
Sorted by relevance
Key Topics
Showing 1–20 of 59 · Page 1 of 3
In the result, appeal of the assessee is allowed
Bench: Shri Waseem Ahmed & Smt. Madhumita Roy
271 (l)(c) of the Act of Rs. 83, 97, 220/- on enhancement of income by estimation of GP and addition of alleged purchases outside the books of account u/s 69C of the Act by appellate authority. Ld. CIT (A) ought not to have levied any penalty in absence of appellant furnishing inaccurate particulars of income. It be so held