Penalty u/s 271(1)(c) - Adhoc disallowance of 50% out of ...

Penalty u/s 271(1)(c) Nullified: CIT(A) Revises Miscellaneous Expense Disallowance from 50% to 10.

July 17, 2013

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Adhoc disallowance of 50% out of miscellaneous expenses was made by the A.O. on estimated basis - said estimate was revised by the CIT(A) to 10% - No penalty - AT

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Penalty u/s 271(1)(c) - Adhoc disallowance of 50% out of ...

Penalty u/s 271(1)(c) Nullified: CIT(A) Revises Miscellaneous Expense Disallowance from 50% to 10.

July 17, 2013

Case Laws Income Tax AT

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