Penalty Error: Section 271A Misapplied Due to Incorrect Turnover Calculation by Assessing Officer.

Penalty u/s 271A - When the turnover has to be computed only by taking the positive and negative outcome of the transactions and not the entire volume of the transactions, the turnover of the assessee is wrongly considered by the AO while levying the penalty u/s 271A. - AT .....

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