Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]

By Shabna Rahim - On June 19, 2023 2:30 pm - 2 mins read

Income Tax- Section 271(1)(c ) of Income Tax Act- Application of mind- Deduction- claim -set aside order- ITAT- income- tax- act- income tax without application of mind-taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the penalty imposed under section 271(1)(c) of the Income Tax Act,1961 by the assessing officer without the application of mind. I.G. International Pvt. Ltd, the appellant assessee appealed against the order passed by the Commissioner of Income Tax (Appeals) for confirming the penalty imposed…

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