40 results for “penalty u/s 271”+ Section 132(1)clear
Sorted by relevance
Key Topics
Showing 1–20 of 40 · Page 1 of 2
In the result, the appeals filed by the Revenue are allowed
Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. Nos.368-373/Coch/2017 Assessment Years : 2005-06 To 2010-11 The Deputy Commissioner Of Vs. Shri Sinkaram Chettiar, Income-Tax, Central Circle-2, Arun Niwas, Ernakulam, Kochi. 43/986, Ayyappankavu, Ernakulam, Kochi. [Pan: Ahepm 6323R]
penalty was levied u/s. 271(1)(c) of the Act for the above assessment years vide order dated 23/02/2016. The CIT(A) has given relief to the assessee by placing reliance on Explanation 5 to I.T.A. Nos.368-373/C2017/ section 271(1)(c) of the Act. The relevant provision applicable to the case is 271(1)(c) r.w.s. Explanation