3 results for “penalty u/s 271”+ Section 48clear
Sorted by relevance
In the result, the appeals of the assessee for the Assessment Years
Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
48,349/-. Therefore, interest at a rate of 12% is being disallowed and added back to the income of the assessee. Calculation of disallowance u/s 36(i)(iii) of the Income Tax Act: M/s Avantika Infraventures (P) Ltd. For Grace Infraventure: Proportionate Disallowance : (12*1,00,00,000/-) 100 = Rs. 12,00,000/- For Tulsiani Construction and Developers