382 results for “penalty u/s 271”+ Section 271(1)(b)clear
Sorted by relevance
Key Topics
Showing 1–20 of 382 · Page 1 of 20
Bench: Shri B.M. Biyani & Shri Udayan Das Gupta
penalty leviable under the provisions of section 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