Case Law Details
Case Name : Dinesh Sitaram Patil Vs ITO (ITAT Pune)
Related Assessment Year : 2016-17
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Dinesh Sitaram Patil Vs ITO (ITAT Pune)
We note that, while culminating the reassessment proceeding in the case of the assessee, the Ld. AO vide concluding para placed at page 4 of his order communicated the assessee his action of initiating the penalty proceedings u/s 271(1)(c) of Act for ‘under reporting / mis-reporting’ of income however by the impugned order has ended up levying penalty u/s 271(1)(c) for ‘furnishing inaccurate particulars of income’, which found perfunctory sustained by the Ld. CIT(A).
Undisputedly in the present case before us, the Ld. AO in the course of reassess...
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one party has been imposed penalty U/S 271(1)(c) as well as 271F after completion of face to face assessment for the AY 2015-16 and got assessment order in favor on 11-10-2022. Further he received show cause notice on 25-02-2023 for penalty US 271(a)(c) and 271F. Party has sent reply properly in faceless manner within due date. Again he received penalty order, computation sheets and Demand notice u/s as above to pay both.please advise if any remedies on it.