862 results for “penalty u/s 271”+ Section 139(5)clear
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Bench: Shri R. K. Panda & Ms Suchitra Kamble
139 of the I.T. Act, 1961, within the meaning of sub-clause (c) of sub-section (1) of section 271 of the Income tax Act, 1961. For the reasons discussed above, penalty proceedings U/s 271 (1)(c) of the Act are being initiated separately.” 3. The appellant has taken a plea that the penalty notice u/s 274 read with 271