confirming the levy of penalty of Rs.20,000/- u/s
272A ... assessee is with regard
to validity of penalty imposed under section 272A(1)(d) of the Income Tax Act.
2.2 I have heard the counsel
which in turn arise from the order dated
05.08.2021passed under section 272A(1(d) of the Income Tax Act ,
[Here in after referred ... against the levy of penalty of Rs. 10,000/- u/s
272A(1)(d) of the Act levied by the Assessing Officer for not
complying
completed
sold flats as per market price--Assessing Officer initiated penalty proceedings
272A (1)(c)--CIT upheld penalty--Held, there is no finding ... accordingly set aside and thus penalty u/s 272A(1)(c) levied
by AO is not in accordance with law therefore same is cancelled--Assessee
clause (d) of sub-section (1) or sub-section (2)
of section 272A , sub-section (1) of section 272AA or section 272B or
sub-section
circumstances ld.AO has grossly erred in initiating penalty
u/s 272A(1)(d) of the act.
10. 5. Appellant reserves the right
assessee during the course of E-scrutiny
proceedings, penalty u/s 272A(1)(d) of the Act is also initiated. The assessee
has not filed
dated
05.09.2022, 30.09.2022, 14.10.2022 , 31.10.2022 and 09.11.2022 and penalty
proceedings u/s 272A(1)(d) of the I.T. Act, 1961 were also initiated
Jaipur for submitting
his reply as to why penalty u/s 272A(1) © should not be levied fixing the date for
hearing
