54 results for “condonation of delay”+ Section 271(2)clear
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Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
condone the delay of 405 days in filing the appeal by the assessee and adjudicate the grounds of appeal on merit. We find that the Assessing Officer has also initiated penalty proceedings under section 271(1)(c) of the Act. The levy of penalty is dependent on such adjudication because the quantification of income is since qua non. Accordingly