146 results for “penalty u/s 271”+ Section 271clear
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In the result, appeal filed by the Revenue is allowed for statistical purposes
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
section 271(1)(c) are applicable to the facts of this case as the assesse in its Return has made a wrongful claim of deduction in respect of provision for bad and doubtful debts which amounts furnishing of inaccurate particulars of income. The assessee is therefore, liable for penalty u/s