59 results for “penalty u/s 271”+ Section 249(4)(b)clear
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In the result, the appeal is partly allowed
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
4 is against the action of the Hon'ble CIT(A) in sustaining the penalty levied u/s 271(1)(c) of the Act by the learned assessing officer even when the addition was made on estimation basis. The assessee has submitted as under: a) The assessee states that the CIT(A) while perusing the addition made in the 147 Order