PATLIPUTRA BUILDERS LIMITED,PATNA vs. ACIT, CENTRAL CIRCLE-2, PATNA

In the result, all the captioned appeals of the assessee for A

Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm

10% of tax sought to be evaded. Synopsis of Argument Without recording statement imposition Preliminary requirement for invoking penalty u/s of the penalty u/s 271AAA is not 271AAA is basis of statement recorded during the period sustainable. of search u/s 132(4) of the Act. But in our case no such statement was recorded. The director of the assessee company

PATLIPUTRA BUILDERS LTD,PATNA vs. ACIT CENTRAL CIRCLE-2, PATNA