16 results for “penalty u/s 271”+ Section 10(2688)clear
Sorted by relevance
Bench: Shri Mahavir Singh & Shri S. Rifaur Rahman
section 153A/143(3) of the Act, penalty proceedings were initiated u/s 271(1)(c) of the Act. Declining the contentions raised by the assessee, AO proceeded to levy the penalty of Rs.7,23,020/- @ 100% of the tax sought to be evaded. 6. Aggrieved assessee preferred an appeal before the ld. CIT (A) who has confirmed the penalty by dismissing