Search: penalty u/s 271

2 results for “penalty u/s 271”+ Section 270A(2)(b)clear

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Section 270A5 Section 270A(2)(a)4 Section 113 Section 12A2 Section 271(1)(c)2 Penalty2

M/S SHREE GANESH JEWELLERS LIMITED,LUDHIANA vs. ACIT, CIRCLE V(1), LUDHIANA

In the result, the appeal of the assessee is allowed

ITA 172/CHANDI/2023[2017-18]Status: DisposedITAT Chandigarh18 Apr 2024AY 2017-18

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member)

For Appellant: Shri K.J. Shalley, AdvocateFor Respondent: Shri Dharam Vir, JCIT, Sr. DR

Section 143(1)(a)Section 143(3)Section 270ASection 270A(2)(a)Section 271(1)(c)

271(1)(c) of the IT Act. Hence, the contention of the assessee has been not found acceptable. 5. In view of above facts and discussion, it has been observed that it is a fit case for imposition of penalty u/s 270A(2)(a) of the Income Tax Act, 1961 for under- reporting of income, for amount of Rs. 2

M/S SHREE GANESH JEWELLERS LIMITED,LUDHIANA vs. ACIT, CIRCLE V(1), LUDHIANA

M/S SHREE GANESH JEWELLERS LIMITED,LUDHIANA vs. ACIT, CIRCLE V(1), LUDHIANA

M/S UFV INDIA GLOBAL EDUCATION (SOCIETY),CHANDIGARH vs. DCIT, EXEMPTION CIRCLE-1, CHANDIGARH