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

CBDT releases draft new Form 10B and Rule 17B

Team Taxcharcha

Union Budget 2023 – Increase in Income tax slab under section 115BAC

Team Taxcharcha

Updated Return for AY 2020-21 and AY 2021-22 notified on Income tax portal

Team Taxcharcha