Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]

Penalty imposed - IT Act -Penalty - commission payment without proper hearing - commission payment - ITAT directs re-adjudication - taxscan

The Jaipur bench of Income Tax Appellate Tribunal (ITAT) directed the matter back to the assessing officer for re-adjudication for penalty imposed under Section 271(1)(c) of the Income Tax Act 1961for the payment of commission without proper hearing of the parties. Shri Yogendra Khandelwal, the appellant assessee was a  proprietor of M/s. Steel Syndicate of…

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