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Penalty u/s 271(1)(c) - Non-consideration of reply filed by the ...


Penalty u/s 271(1)(c) Quashed: Assessing Officer Violated Natural Justice Principles, Ignored Assessee's Reply.

September 2, 2022

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - Non-consideration of reply filed by the assessee - the order levying penalty suffers from violation of principle of natural justice and non-application of mind by the AO and the same cannot be allowed to stand. The AO has not exercised his power to levy penalty in a fair, reasonable and judicial manner - Penalty order quashed - AT

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