47 results for “penalty u/s 271”+ Section 44clear
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In the result, the appeal filed by the assessee is allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
penalty u/s 271(1)(c) is not justified. 6 Sukhdev Singh v. ITO 6. Having heard the ld. additional CIT DR, perusal of record and impugned order, we find that undisputedly, assessee’s income has been estimated considering the deposits made in the bank account under section 44