21 results for “house property”+ Section 273Bclear
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Bench: The Learned Authority & No Fact Had Been Concealed By The Assessee. 2. Whether In The Facts & Circumstances Of The Case & In Law, Is It Justified By The Learned Authority To Levy Penalty, Whereby The Property Being Used For Residential Purpose Only. 3. Whether In The Facts & Circumstances Of The Case & In Law, Is It Justified By The Learned Authority To Levy Penalty, Even If Assessee Is Not Required To Maintained Books Of Accounts As Per U/S 44Aa Read With Rule 6F Of Income Tax Act, 1961. 4. Whether In The Facts & Circumstances Of The Case & In Law, Is It Justified By The Learned Authority To Levy Penalty, Whereby Mistake In Claiming Of Deduction Under Wrong Provision Of Law Was Bona-Fide Mistake.”
Section 273B of the Act. 4. On the other hand, the ld. DR has relied upon the orders of the authorities below and submitted that the assessee has claimed the deduction U/s 54 despite the fact that the property sold by the assessee is a shop and not a residential house