M/S.JEENA HOTEL & UDAYA BAR,ALAPPUZHA vs. THE ACIT, CIRCLE-1,, ALAPPUZHA

In the result, the appeal of the assessee is allowed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

u/s 139(1) of Income Tax Act, 1961. However, this is subject to the provisions of section 273B of Income Tax Act, 1961. Section 273B reads as under: "Penalty not to be imposed in certain cases” 273B. Notwithstanding anything contained in the provisions of clause (b) of sub-section (1) of section 271, section 271A