Merely because the assessee did not contest the addition, cannot ...

Taxpayer Avoids Penalty Despite Not Contesting Addition Due to Significant Financial Losses.

November 18, 2016

Case Laws Income Tax AT

Merely because the assessee did not contest the addition, cannot give rise to any adverse inference against the assessee, as in any case it was running into huge losses - No penalty - AT

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Merely because the assessee did not contest the addition, cannot ...

Taxpayer Avoids Penalty Despite Not Contesting Addition Due to Significant Financial Losses.

November 18, 2016

Case Laws Income Tax AT

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