36 results for “penalty u/s 271”+ Section 2(14)clear
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The appeal is partly allowed and the substantial questions of
Bench: : The Hon’Ble The Chief Justice T.S. Sivagnanam & The Hon’Ble Justice Chaitali Chatterjee (Das) Dated : 7Th March, 2025. Appearance:
2 271(1)(c) imposed by the A.O. on the addition of unexplained cash credit u/s. 68 to the tune of Rs. 14,94,407/- on sale of shares of penny stock M/s. Sulabha Engineering Ltd. falsely claimed by the assessee as Long- Term Capital Gains exempt u/s. 10(38) of the IT Act, 1961 ? ii) Whether on the facts