38 results for “penalty u/s 271”+ Section 43(6)clear
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In the result, both these appeals of the assessee are allowed
Bench: Shri Sandeep Gosain, Jm & Shri O.P. Kant, Am
43,66,100/-. Thereafter proceedings U/s 271(1)(c) of the Act was initiated and the A.O. levied penalty of Rs. 7,20,000/- U/s 271(1)(c) of the Act. 5. Being aggrieved by the order of the A.O., the assessee carried the matter before the ld. CIT(A), who after considering the submissions of both the parties