Failure to find any particulars furnished in ITR to be Inaccurate: ITAT deletes Penalty u/s 271 (1) of Income Tax Act [Read Order]
ITAT has decided to delete the penalty under Section 271(1) of the Income Tax Act, 1961, as it found no inaccuracies in the particulars furnished in the Income Tax Return
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has decided to delete the penalty under Section 271(1) of the Income Tax Act, as it found no inaccuracies in the particulars furnished in the Income Tax Return. The assessment under Section 143(3) of the Income Act was completed on 08-12-2017 determining the…
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