81 results for “penalty u/s 271”+ Section 32clear
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In the result, the appeal is partly allowed
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
32,34,819/- and not Rs.1,50,000/- as imposed by the Ld. AO. Thus, it is submitted that the penalty order u/s 271B passed by Ld. AO lacks application of mind and is not sustainable and thus the penalty imposed on the assessee may be deleted in full. The Ld. SR. DR relied on the order