Penalty u/s 271(1)(c) and Non-Disposal of Application u/s 273AA: Independent Provisions Highlighted.

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....Levy of penalty u/s 271(1)(c) - Non-disposal of application u/s 23AA - the provisions of section 273AA and section 271(1)(c) are independent of each other - therefore, the CIT should have proceeded in the matter, i.e., in deciding on the assessee’s application u/s.273AA on merits - AT....