1,065 results for “penalty u/s 271”+ Section 55(2)(a)clear
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Bench: Shri R. K. Panda & Ms Suchitra Kamble
55,492/--- u/s 271 (l)(c) of the Act on account of additional income of Rs. 36,93,709/- offered by the assessee in his return of income filed u/s 153A while ignoring the facts, written submissions and evidences placed on record and rejecting the bonafide explanation of the assessee for non- imposition of the penalty. Thus, the penalty