Enhancement of Disallowance u/s 43B of Income Tax Act made Voluntarily: Delhi HC confirms Penalty Order of ITAT [Read Order]

By Kalyani B. Nair - On July 31, 2023 2:00 pm - 2 mins read

ITAT - Disallowance - Income Tax Act - Income Tax - Income Tax Act made Voluntarily - Delhi HC confirms Penalty Order of ITAT - Delhi High Court - Penalty Order - Penalty - Taxscan

The Delhi High Court confirmed penalty of the Income Tax Appellate Tribunal (ITAT), on the ground of enhancement of disallowance under Section 43B of Income Tax Act, 1961 made voluntarily. The Tribunal via the impugned order has set aside the penalty levied on the respondent/assessee under Section 271(1)(c) of the Income Tax Act,1961 amounting to…

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