208 results for “penalty u/s 271”+ Section 159clear
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In the result, the assessee’s appeals for assessment years 1996-97
Bench: Shri Jason P. Boaz & Shri Amarjit Singh
u/s. 271(1)(c) of the I.T. Act, 1961 in relation to the additions of `24,57,792/- and `6,31,682, being prior period expenses and disallowance of interest respectively, overlooking the fact that the assessee had not offered any credible explanation in respect of these additions and the assessee’s case was distinguishable on facts from those