MAHENDRA KANCHANLAL MAHER INDL,CHENNAI vs. DCIT, CENTRAL CIRCLE1 (3), CHENNAI

In the result, the appeals filed by the assessees in ITA

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

271B of the Act. He relied on the above Jaipur Bench decision apart from various decisions particularly the decision of ITAT, Visakapatnam in the case of Marvel Associates, 92 taxmann.com 109. 7. On the other hand, the ld. Senior DR argued that the assessee has argued that Penalty u/s 271AAB of the Act is discretionary on account

SIDDHARTH N MAHER,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI