Commissioner (Appeals) under Section 246 or an appeal to the Appellate Tribunal under Sub-section (2) of Section 253, after the expiration of a period ... penalty in terms of Section 274(1) of the Act. In the present case, the proceedings under Section 271B of the Act stood validly initiated
which was filed under Section 139(1) or in response to notice issued
under Section 142(1) but Section 271B was not attracted where ... under sub-section (1) of section 139 or in response to
any notice under clause (i) of sub-section (1) of
section
incomplete as per provisions of Section 44AB of the Act.
The assessing officer initiated penalty proceedings under Section
271B of the Act and vide order ... that on a similar
account, the penalty which was levied under section 271B for the
assessment year 1990-91, the same explanation was found
nature referred to
in section 44B or section 44BB or section 44BBA or
ITA No. 494 of 2005 -5-
section 44BBB , on and from ... penalty in case
of violation of provisions of Section 44AB of the Act. Section 271B of
the Act as it existed during the relevant assessment
facts and circumstances of the case,
imposing of penalty under Section 271B of the Act was
justified?
Income Tax Appeal ... confirmed the penalty
imposed on the appellant-assessee under Section 271B of the Act.
The assessing officer passed assessment order dated 13.11.1990
directing initiation
deleting the penalty
imposed by the Assessing Officer under Section 271B by
holding that the proceedings are barred by limitation
within the meaning of Section ... terms of the
provisions of Section 44AB of the Act, led to initiation of proceedings
against him under Section 271B
repays any deposit referred to in Section 269T otherwise than in accordance with the provisions of that section, he shall be liable ... provisions of Clause (b) of Sub-section (1) of Section 271 , Section 271A , section 271B , Section 271BB , Section 271C , Section 271D , Section 271 .E, Clause
behalf in the Official Gazette :
Provided further that the provisions of this section shall not apply to any loan or deposit where the person from ... provisions of Clause (b) of Sub-section (1) of Section 271, Section 271A, Section 271B, Section 271BB, Section 271C, Section 271D, Section 271E, Clause
