152 results for “penalty u/s 271”+ Section 2(47)clear
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In the result, all the 12 appeals filed at the instance of
Bench: Shri Kul Bharat & Shri Manish Borad
47 Keti Sangam, etc. ITA Nos. 516/2017, 603/Ind/2016 etc. about its substantiation, the AO was not justified in imposing penalty under section 271AAA especially when offered undisclosed income has been accepted and due taxes thereon has been paid by the assessee. Order of the AO levying penalty was set aside, appeal favour of the assessee. Similarly penalty levied