206 results for “penalty u/s 271”+ Section 271(1)(b)clear
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In the result, appeal of the assessee is partly allowed
Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.931 To 934 & 935 To 936/Srt/2024 Assessment Years: (2012-13 & 2013-14) (Physical Hearing) Gauravkumar Manilal Patel, Vs. The Ito, 1, Post: Hathuka, Kanbi Faliya, Tal: Ward – 3(2)(7), Valod, Tapi - 394640 Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aogpp5609G (Appellant) (Respondent)
section 273B of the Act. We have upheld penalty of Rs.10,000/- for such failure in AY.2012-13 in ITA No.932/SRT/2024 (supra). In our considered view, it would be fair and reasonable if the penalty levied u/s 271(1)(b