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![Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Penalty-Madras-High-Court-Taxscan.jpg "Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]")
Penalty not leviable If Assessee’s Claim for Deduction gets Rejected: Madras HC [Read Judgment]
The Madras High Court recently held that the penalty under section 271(1)(C) of the Income Tax Act can be levied if the department rejects the claim...
![Madras HC orders Cognizant to pay Rs 420 cr Tax, De-Freezes Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Cognizant-Taxscan.jpg "Madras HC orders Cognizant to pay Rs 420 cr Tax, De-Freezes Bank Account [Read Order]")