272 results for “penalty u/s 271”+ Section 274(1)clear
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In the result the appeal filed by the assessee in ITA
Bench: Shri Manish Borad & Shri Vinay Bhamoresl.
274 r.w.s 271 without specifying the correct limb under which the penalty is initiated, such non specification of the correct limb makes the entire proceedings void ab initio thereby making the consequential proceedings, orders passed, demand notices etc, bad in law, and therefore same shall be quashed. 2. On the facts and in the circumstances of the case