43 results for “penalty u/s 271”+ Section 124clear
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In the result, all the 12 appeals filed at the instance of
Bench: Shri Kul Bharat & Shri Manish Borad
u/s 271(1)(c) of the Act were deleted observing as follows :- 8. We have considered the facts] perused the material on record, and gone through the assessment order and penalty order. A perusal of the penalty order reveals that the AO has rejected the contentions of the assessee on the basis that the undisclosed income is declared as result