131 results for “penalty u/s 271”+ Section 23clear
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Bench: The Tribunal Was Arising From The Order Dated 4Th June 2004 Passed By The Commissioner Of Income Tax (Appeals) Bangalore (For Short “The
271(1)(c) is not attracted in such situation.” 14. The observations made by the Tribunal, at the outset, in our opinion, are based on surmise and conjecture. The Tribunal lost sight of the fact that the assessee being the lessor was owner of the rolls. Merely because, lessee had taken responsibility of selection of rolls and its transportation