Search: penalty u/s 271

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Section 271(1)(c)4 Section 54B2

SHRI. MUNINAGA REDDY,BANGALORE vs. ACIT, BANGALORE

In the result, the assessee's appeal for A

ITA 859/BANG/2012[2006-07]Status: DisposedITAT Bangalore12 Jan 2015AY 2006-07

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: Shri P. Dinesh, AdvocateFor Respondent: Dr. P.K. Srihari, Addl. CIT

Section 143(3)Section 271(1)Section 271(1)(c)Section 54BSection 80C

section 54B of the Act and the Tribunal upholding the decision of the learned CIT(A) in the matter, will not have any bearing on the disallowance of Rs.3,68,14,038 on which the penalty u/s.271(1)(c) of the Act has been levied and which is presently for consideration before us. 7.4.2 We have carefully considered and appreciated