Wednesday, September 18, 2019

Imposition of penalty of Rs. 5 lakhs for belated filing of return u/s 15(a) was unjustified: SAT

SEBI: Where requisite information as sought by SEBI was supplied by company belatedly, imposition of penalty of Rs. 5 lakh under section 15A(a) being on higher side was to be reduced to Rs. 2 lakh

from www.taxmann.com Latest Case Laws https://ift.tt/34SM5mb

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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