HOUSING & URBAN DEVELOPMENT CORPORATION LTD.,NEW DELHI vs. DCIT, NEW DELHI
Appeals of the assessee stands allowed
ITA 5234/DEL/2011[2001-02]Status: DisposedITAT Delhi18 Oct 2019AY 2001-02
Bench: Shri R.K. Panda & Shri Sudhanshu Srivastava
For Appellant: Shri Gagan Kumar
Section 271Section 271(1)(c)Section 274Section 36Section 36(1)(viii)Section 41
200% of tax), as spelt out in the Section.
Notably, Section 270A(1) also requires the tax officer or the ClT(A) or CIT to give directions for levy of penalty in the principal proceedings, which gives rise to the penalty levy.
Therefore, the amendments made in Section 271(lB) of the Act in so far as giving "directions
