Search: penalty u/s 271

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Section 139(4)4 Section 271(1)(c)3 Section 143(3)2 Section 2632 Section 1442

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE, SHILLONG, SHILLONG vs. MEGHALAYA POWER TRANSMISSION CORPORATION LIMITED, LUMJINGSHAI, SHILLONG

In the result, the appeal of the Revenue is allowed

ITA 308/GTY/2025[2016-17]Status: DisposedITAT Guwahati13 Mar 2026AY 2016-17

Section 139(4)Section 139(9)Section 143(3)Section 144Section 263Section 271(1)(c)Section 72Section 80Section 80I

revised\nthe assessment by invoking the provisions of Section 263 of the Act\nfor fresh adjudication and in the assessment proceedings the Id. AO\nobserved that the assessee filed the ITR u/s 139(4) of the Act on\n07.10.2017, along with tax audit report belatedly and therefore, the\nbusiness loss claimed by the assessee is not allowable