Taxcharcha
Income TaxIncome TaxIncome TaxLatestRecent Case LawsTax

No penalty to be levied u/s 271(1)(c) where the additions made by the AO is deleted – ITAT Delhi

M/S ADMACH AUTO LIMITED, ITA NO. 9543/DEL/2019

Held: 

The Hon’ble ITAT Delhi in its judgement held that “Since the Tribunal has deleted the addition made by the Assessing Officer and sustained by the CIT(A), therefore, the very basis on which penalty was levied does not survive” 

Related posts

Deferment of certain provisions of Volume – I of Code of Ethics 2019

Team Taxcharcha

Form 11 for LLPs can be filed without additional fee till 30-06-2022

Team Taxcharcha

Merely recording of the conclusion and not the reasoning makes the order of the CIT(A) invalid and the same transfered back to CIT(A) for fresh adjudication. – ITAT Delhi

Team Taxcharcha