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

CBIC issues clarification on various topics

Team Taxcharcha

Notification No. 70/2018-Central Tax ,dt. 31-12-2018 – Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

Team Taxcharcha

MCA releases FAQs on Companies Fresh Start Scheme (CFSS), 2020 and LLP Modified Settlement Scheme, 2020

Team Taxcharcha