3,310 results for “penalty u/s 271”+ Section 2(14)clear
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In the result, the appeal of the assessee is allowed
Bench: Shri Pradip Kumar Kedia & Shri Anubhav Sharma
14 18.2 Coupled with this, similar to other appeals supra, the notice issued under Section 274 r.w. Section 271(1B) is vague and non-descript and does not meet the requirement of law. 19. Hence, the penalty order framed without requisite satisfaction towards nature of default at the time of initiation of penalty proceedings is outside the sanction