8 results for “penalty u/s 271”+ Section 142(1)(iii)clear
Sorted by relevance
Key Topics
In the result, the appeal filed by the assessee is allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
142(1)(iii) of the Income tax Act, 1961. Therefore, for non- compliance the AO imposed penalty of Rs. Rs. 10,0007- u/s 271(1)(b) of the Income tax Act, 1961. The appellant has discussed some decisions which were not on the issue of penalty u/s 271(1)(b) but on validity of assessment made under section