48 results for “penalty u/s 271”+ Section 27clear
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The appeals of the assessees are disposed of in the terms indicated as above
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
27). 17. It is apparently clear, on perusal of the above provisions of u/s. 271(1)(b) that the Parliament has used the words "may" and not "shall", thereby making legislative intention clear in as much as that levy of Penalty is discretionary and not automatic. The said conclusion is further justified by Section