Levy of penalty u/s 271AAA - concealed income on account of ...

Penalty for Concealed Income u/s 271AAA for Excess Depreciation Claim Removed by Tribunal.

January 15, 2021

Case Laws Income Tax AT

Levy of penalty u/s 271AAA - concealed income on account of excess claim of depreciation - A.O has merely mentioned one line imported from section 271(1)(c) of the Act which in the instant case is not applicable on the assessee. On going through the above reproduced defective notice we find that similar notice was issued to another group concern of the assessee wherein penalty u/s 271AAA of the Act was deleted by this Tribunal. - Penalty deleted - AT

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Levy of penalty u/s 271AAA - concealed income on account of ...

Penalty for Concealed Income u/s 271AAA for Excess Depreciation Claim Removed by Tribunal.

January 15, 2021

Case Laws Income Tax AT

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