ITAT upholds Penalty levied  u/s 271 of Income Tax Act due to non Compliance of Notice [Read Order]

By Aparna. M - On July 9, 2023 3:30 pm - 2 mins read
ITAT upholds Penalty levied - ITAT - Penalty - Income Tax Act - non Compliance of Notice - Notice - TaxscanITAT upholds Penalty levied - ITAT - Penalty - Income Tax Act - non Compliance of Notice - Notice - Taxscan

The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench upheld the penalty levied under section 271(1)(b) of Income Tax Act, 1961 due to non compliance of notice. The assessee  Ishoo Narang director of M/s. Kyori Oremin and Kyori Infrastructure. He filed his return of income for the A.Y 2014-15 on 25.7.2014 admitting income of Rs.94,22,920/-. It was…

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