23 results for “penalty u/s 271”+ Section 35(1)clear
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In the result, appeal of the revenue is dismissed
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.229/Viz/2020 (निर्धारण वर्ा / Assessment Year : 2015-16) Dy.Commissioner Of Income Tax Vs. M/S Milk Producers & Central Circle-2 Employees Educational Visakhapatnam Health & Medical Welfare Trust, D.No.32-11-1 Krishi Building Nathayyapalem Visakhapatnam [Pan : Aaatm6689B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
271 of the Act. The Ld.AR, further submitted that the case law relied upon by the Ld.DR and the ratio laid down by the Hon’ble Supreme Court in MAK Data (P.) Ltd. Vs. Commissioner of Income Tax-II is distinguishable on the fact that the penalty levied in the instant case was on account of incriminating material impounded during