Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]

By Yogitha S. Yogesh - On May 23, 2023 10:00 pm - 2 mins read

Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax - Penalty for Inaccurate Particular - Penalty - Inaccurate Particular - Assessee - Taxscan

The Income Tax Appellate Tribunal (ITAT) of Jaipur bench has held that the penalty for inaccurate particular is not imposable when the assessee paid tax before the issue of reassessment notice under the Income Tax Act, 1961. Pooja Upadhyay, the assessee challenged the order of the National Faceless Appeal Centre, Delhi dated 06.05.2022 (NFAC/CIT(A)) passed…

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