Cash Payment of Bonus to Employees: ITAT deletes Income Tax Penalty [Read Order]

Cash - Payment - Bonus - Employees - ITAT - Income - Tax - Penalty - TAXSCAN

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) comprising Judicial Member Diva Singh held in favour of the assessee and set aside the order quashing the penalty imposed. According to the facts submitted, there were two types of payments made by the assessee for which the present action has been invoked….

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