7 results for “penalty u/s 271”+ Section 35(1)(iv)clear
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In the result, all the captioned appeals of the assessee for A
Bench: Dr. Manish Borad, Am & Shri Sonjoy Sarma, Jm
35,358/-. In compliance to the said order the assessee immediately paid a sum of ₹3,78,94,711/-, but the balance amount of ₹2,72,40,647/- could not be paid on account of shortage of funds and other bonafide reasons. For the short payment by the assessee, the learned ITSC took cognizance and withdrew the immunity granted