1,143 results for “penalty u/s 271”+ Undisclosed Incomeclear
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Bench: Shri R. K. Panda & Ms Suchitra Kamble
u/s 274 read with 271(1)(c) also did not tick the exact charge for levy of penalty. 4. Perusal of the above para of the assessment order categorically shows that the AO initiated the penalty proceedings considering the surrendered income as reported in return under section 153A of the act as concealment of income under section 271