Penalty u/s 271(1)(c) - reduction of deduction under the said ...

Case Laws Income Tax

July 1, 2019

Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee

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Penalty u/s 271(1)(c) - reduction of deduction under the said ...

Case Laws Income Tax

July 1, 2019

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