Search: penalty u/s 271

1 result for “penalty u/s 271”+ Section 12A(1)(ac)clear

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Section 12A10 Section 12A(1)(ac)6

M/S TRUBA EDUCATION SOCIETY ,BHOPAL vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) BHOPAL, BHOPAL

ITA 801/IND/2024[2023-24]Status: DisposedITAT Indore24 Apr 2025AY 2023-24

Bench: Shri B.M. Biyani & Shri Udayan Das Gupta

Section 11Section 127(2)Section 12ASection 12A(1)(ac)Section 132Section 133ASection 143(3)Section 147Section 2(15)

12A(1)(ac)(i) with retrospective effect u/s 12AB(4)(b)(ii) on the footing that the assessee committed violations contemplated in Explanation (a) & (e) in the list of “specified violations” defined in Explanation to section 12AB. In this backdrop of facts, the assessee's precise grievance is such that the Ld. PCIT(Central) has wrongly invoked the provision