118 results for “penalty u/s 271”+ Section 13(1)(c)clear
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In the result, Cross Objection filed by the assessee is allowed and the appeal of the Revenue is dismissed
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.63/Viz/2025 (निर्धारण वर्ा / Assessment Year: 2009-10) Assistant Commissioner Of Vs. Sri Sai Engineering & Drilling, Income Tax, D. No. 54-18-26, B-3, Circle-2(1), Second Lane, Lic Colony, Vijayawada. Vijayawada. Pan:Abafs0788A (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) C.O. No. 06/Viz/2025 (In आयकर अपील सं./ I.T.A. No.63/Viz/2025) (निर्धारण वर्ा / Assessment Year: 2009-10) Sri Sai Engineering & Drilling, Vs. Assistant Commissioner Of D. No. 54-18-26, B-3, Second Income Tax, Lane, Lic Colony, Circle-2(1), Vijayawada. Vijayawada. Pan:Abafs0788A (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent)
U/s. 271(1)(c) of the Act when the quantum addition of Rs. 2,12,85,290/- was sustained by the First Appellate Authority basing on which the penalty was levied. 3. The Ld.CIT(A) ignored the fact that the CBDT extended the time limit for passing the order upto 30/03/2022 vide Notification No. 74/2021, dated 17/09/2021