4 results for “penalty u/s 271”+ Section 36clear
Sorted by relevance
Bench: V.V.S.RAO,SANJAY KUMAR
Penalty proceeding u/s 271(1)(c) for furnishing inaccurate particulars/concealment of the income are being initiated separately on this issue.” Aggrieved by the order passed by the AO, the assessee filed appeal before the ld. CIT(A). The ld. CIT(A) however deleted the impugned disallowances with the following observations: “9. After considering rival contentions and perusing material on record