72 results for “penalty u/s 271”+ Section 11(5)clear
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In the result, all the appeals filed by the assessee are allowed and copy of common order passed is to be placed on respective case files
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
5,86,94,960/-. Subsequently the AO passed order u/s 153A/143(3) on 23.12.2016 determining the total income at Rs. 6,52,94,920/- and also initiated penalty proceedings u/s.271(1)(c) read with explanation 5A of the Act. The AO passed penalty order u/s.271(1)(c) on 30.06.2017 and levied penalty of Rs.16,74,935/- being