86 results for “penalty u/s 271”+ Section 142(2)(a)clear
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In the result, the appeal of the assessee is partly allowed
Bench: The Tribunal & The Matter Was Remanded Back To Ao For Fresh Adjudication. Thereafter, The Assessment Order Was Passed
2) of the Act. Accordingly, the penalty imposed is restricted to Rs. 10,000/- as against Rs. 50,000/- confirmed by the learned CIT(A). The grounds of appeal of the assessee are-thus partly allowed.” 8. Further, reliance was placed on the decision of the Coordinate Jaipur Benches in case of Sandeep Verma Vs. ITO in ITA No. 1167/JP/2019