Penalty u/s 271(1)(c) - addition on account of the ALV of vacant ...

Delhi High Court Rules No Penalty for ALV Addition on Vacant Properties Due to Previously Unclear Law.

August 5, 2023

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - addition on account of the ALV of vacant commercial/self-occupied assets - The issue involved was debatable at the relevant point in time, which took a different turn only when this court delivered its judgment in Ansal Housing Finance & Leasing Co. Ltd. [2012 (11) TMI 323 - DELHI HIGH COURT] - No penalty - HC

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Penalty u/s 271(1)(c) - addition on account of the ALV of vacant ...

Delhi High Court Rules No Penalty for ALV Addition on Vacant Properties Due to Previously Unclear Law.

August 5, 2023

Case Laws Income Tax HC

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