Levy of penalty u/s.271(1)(c) - estimation of disallowance at ...

Court Rules No Penalty u/s 271(1)(c) for Estimated Disallowance of 50% on Commission and Improvement Costs.

April 8, 2021

Case Laws Income Tax AT

Levy of penalty u/s.271(1)(c) - estimation of disallowance at 50% of commission and improvement expenditure - in this case, the additions were made on the basis of estimation and as discussed in the cases referred above, the penalty cannot be levied on the basis of estimated additions and thus, it is not a fit case for levying penalty. - AT

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Levy of penalty u/s.271(1)(c) - estimation of disallowance at ...

Court Rules No Penalty u/s 271(1)(c) for Estimated Disallowance of 50% on Commission and Improvement Costs.

April 8, 2021

Case Laws Income Tax AT

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