JIGNESH SURESH SHAH,MUMBAI vs. INCOME TAX DEPARTMENT INCOME TAX OFFICER WARD,1,, THANE

Bench: Shri Narender Kumar Choudhry, Jm & Ms Padmavathy S, Am

bogus purchases. The AO also initiated penalty proceeding under section 271B for failure to get account audited. 3. The AO subsequently issued a penalty notice under section 271B of the Act and issued show-cause notice dated 22.12.2017. In response, the assessee submitted that “With reference to your notice, regarding penalty proceedings u/s 271 B of the income

M/S HINGLAJ METALS & ALLOYS PVT LTD,MUMBAI vs. CIT(A)-NFAC DELHI, DELHI

In the result, appeals of the assessee in ITA Nos 2805 to 2810/MUM/2022