Thursday, January 23, 2020

Deleting penalty on basis of order passed in case of sister concern of assessee justified; SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's decision of deleting penalty in case of assessee under section 271(i)(c) on basis of order passed in case of sister concern of assessee, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2RkHWTh

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...