66 results for “penalty u/s 271”+ Section 131(1)(d)clear
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Bench: Shri B.M. Biyani & Shri Udayan Das Gupta
271(1)(c) of the Act. However, the principle is applicable with reference to the other provisions also which are penal in nature. Cancellation of registration deprives the assessee of the various benefits which otherwise accrue and hence the provisions are to be considered as in the nature of punishment. 4.5 The Id. A.R. submitted that, the order passed