57 results for “penalty u/s 271”+ Section 153Cclear
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In the result, the appeal of Revenue in ITA
Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar
sections of the Act under any five heads of income. 15. The Ld. CIT(A) erred in initiating the penalty proceedings u/s 271(1)(c) against concealment of income without appreciating the facts. 16. The Ld. CIT (A) has erred in charging interest u/s 234A, 234B and 234C of the Act basing on the income determined in the assessment proceedings