Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]
ITAT ruled that the mere making of an incorrect claim does not tantamount to furnishing of inaccurate particular, leading to the deletion of penalty under Section 27(1)(c) of the Income Tax Act, 1961
In a recent decision the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the mere making of an incorrect claim does not tantamount to furnishing of inaccurate particular, leading to the deletion of penalty under Section 27(1)(c) of the Income Tax Act, 1961 An assessment was conducted on a company…
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