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

GST Update – Guidelines for Special All-India Drive against fake registrations

Team Taxcharcha

Circular No. 81/55/2018-GST – seeks to clarify GST rate for Sprinkler and Drip irrigation System including laterals.

Team Taxcharcha

Notification No. 18/2022-Central Tax – Seeks to notify 01.10.2022 as the date on which provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act, 2022 shall come into force.

Team Taxcharcha