In the result, all the appeals of the assessee are allowed and all the appeals of the revenue stand dismissed
Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm]
271A, 271AAA, 271AAB and 271AAC etc. where the legislature has used the word “may” stated that the Assessing Officer may impose or forward penalty meaning thereby that legislature has given a discretion to the Assessing Officer. The Ld. AR, therefore, prayed that the literal rule of interpretation has to be followed for interpretation of the provisions