TMI BlogPenalty u/s. 271(1)(c) - just because no explanation has been offered by the assessee during the penalty...Penalty u/s. 271(1)(c) - just because no explanation has been offered by the assessee during the penalty proceedings the Ld. AO cannot automatically proceed to levy penalty as admittedly penalty proceeding is independent of assessment proceedings. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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