2 results for “penalty u/s 271”+ Deductionclear
Sorted by relevance
In the result, the appeal filed by the revenue is
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
Penalty Proceeding u/s 271(1)(c) is initiated separately for furnishing inaccurate particulars. However, the transport charges also attract the provisions of section 40(a)(ia) of the Income Tax Act, 1961. The assessee was liable to deduct