Penalty Imposed u/s 271(1)(c) of Income Tax Act on Ground of Concealment of Income in ROI: ITAT Deletes Penalty [Read Order]

By Shabna Rahim - On June 28, 2023 3:00 pm - 2 mins read

Penalty - Income Tax Act - Income Tax - Ground of Concealment of Income in ROI - Income in ROI - ROI - ITAT Deletes Penalty - ITAT - Penalty - Taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the assessing officer under section 271(1)(c) of the Income Tax Act,1961 on the ground of concealment of income in return of income (ROI). Hardik Mahendrabhai Patel, the appellant assessee was a proprietor of First Care Corporation and engaged in the…

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