2 results for “penalty u/s 271”+ Section 274clear
Sorted by relevance
Bench: : The Hon’Ble Justice T.S.Sivagnanam A N D The Hon’Ble Justice Hiranmay Bhattacharyya Dated : November 23, 2021. [Via Video Conference] Appearance : Mr. Tilak Mitra, Advocate …For Appellant Mr. R K Murarka, Advocae Mr. S. Roychowdhury, Advocate …For Respondent The Court :- We Are Satisfied With The Reasons Assigned In The Affidavit Filed In Support Of The Application Regarding The Delay In Filing The Appeal. The Delay Is Condoned. The Application Stands Allowed.
penalty imposed u/s. 271(1)(c) of the Income Tax Act, 1961 and thereby upholding the order passed by the CIT(A) on the ground that the assessee had made a suo motu declaration of the HSBC account and deposits therein before the DGIT (Inv) Kolkata and also that the asessee had paid full taxes on his own before initiation