26 results for “penalty u/s 271”+ Section 153Cclear
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271(1)(c) need not have been levied is factually incorrect as the assessee did not disclose this income in the return of income filed in response to notice u/s. 153C. The CIT(A) noticed that the Assessing Officer had clearly spelt in the assessment order iself as to why and on what amount penalty is being levied and therefore