71 results for “penalty u/s 271”+ Section 73clear
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In the result, the appeal filed by the revenue is dismissed and the
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh
73,191.00 The AO has imposed the penalty of Rs.49,11,957/-@ 30% on the above income under section 271AAB of IT act. 3.(i) With regard to item No.5 and 6 i.e. income from business of construction of apartment complex in the name of Sanjeevini Mansion and the income admitted by the assessee towards discrepancies amounting