36 results for “penalty u/s 271”+ Business Incomeclear
Sorted by relevance
Showing 1–20 of 36 · Page 1 of 2
In the result, the appeal filed by the revenue is
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
business. It is beyond doubt that the assessee had not done any work of transport. The firm has no infrastructure to provide transport service. So the claim of transport charges also no genuine. Under the circumstances, the expenditure of Rs.7,82,12,027/- not allowable and added to the total income of 6 assessee. Penalty Proceeding u/s 271