The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that disallowance of expenditure on an estimated or notional basis does not attract penalty provision under section 271. During the scrutiny assessment of the appellant, Bhartiya City Developers Pvt. Ltd., the Assessing Officer disallowed Rs.8,25,747/- in the light of the provision of Section 14A read…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
