penalty
can be levied under section 271(1)(c) of the Act besides holding that penalty
under section 271AAA of the Act is warranted ... penalty can be levied under
section 271(1)(c) of the Act besides holding that penalty under section
271AAA of the Act is warranted
specified previous years as per the
provisions of sub-section (1) to Section 271AAA read with
explanation to sub-section (4) of that section, whereas ... levy penalty under section 271(1)
(c) of the Act, due to the specific bar in sub-section (3) to Sec. 271AAA
Assessing Officer to levy
penalty u/s. 217AAA of the Act shall survive. We read the provisions of
section 271AAA ... Return of Income u/s. 139(1) of the
Act and in compliance to the provisions of section 271AAA of the Act. The
specified
there is specific bar for levying penalty as
per sub- section 3 of section 271AAA of the Act so penalty under section ... held that the penalty levied under section 271(1)(c) of the
Act and converted it into section 271AAA of the Act even on reduced
2018
Officer to levy penalty u/s. 217AAA of the Act shall survive. We read the
provisions of section 271AAA ... Return of
Income u/s. 139(1) of the Act and in compliance to the provisions of
section 271AAA of the Act. The specified
Tribunal, the Ld. D.R. pointed
out that the provisions of Section 271AAA of the Act was not
brought to the notice of the Bench ... Referring to Explanation (1) (b)
of Section 271AAA of the Act, the Ld. D.R. submitted that penalty
under Section 271AAA
order dated 31.12.2009 passed u/s. 143(3) of the Act, the
AO also initiated the penalty proceedings u/s. 271AAA ... follows:
"12. Like in that case, the first condition under Section 271AAA is that the
assessee must make a statement under Section
2207/Chny/2019
by the assessee refers to section
271AAA which provides that no
penalty is livable lf the assessee
admits additional income found during ... 271AAA of the Act, held that
"14. In construing Section 271AAA one must not lose
sight of its essential purpose which resulted
dated 22.03.2013 in ITA
No.22/11-12 in proceedings under section 271AAA of the Act.
10. In the course of hearing, the assessee vehemently ... Assessing Officer under
8 M/s.Kumbakonam Silver Shop
section 271AAA of the Act. Accordingly, it prays for acceptance of
the appeals.
11. The Revenue
2011-12, for assessment year 2009-10; passed under section
271AAA of the Income Tax Act 1961 [in short the "Act"]. Since ... section (1) shall apply if the assessee,--
(i) in the course of the search, in a statement under sub-section (4)
of section 132 , admits
