ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]

ITAT - Income Tax Penalty - Income Tax - Penalty - Air India Subsidiary - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty under section 271B of the Income Tax Act, 1961 against Air India Air Transport Services Ltd, a subsidiary of Air India. The assessee is a Public sector company Act had to submit its audit report in Form 3CA in which report…

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