Case Law Details
Case Name : Nayan Builders & Developers Pvt Ltd Vs. ITO (ITAT Mumbai)
Appeal Number : ITA No. 2379/Mum/2009
Date of Judgement/Order : 18/03/2011
Related Assessment Year : 1997- 98
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Nayan Builders & Developers Pvt Ltd Vs. ITO (ITAT Mumbai)
When the High Court admits substantial question of law on an addition, it becomes apparent that the addition is certainly debatable. In such circumstances penalty cannot be levied u!s 271(1)(c) as has been held in several cases including Rupam Mercantile Vs. DCIT [(2004) 91 ITD 237 (Ahd) (TM)] and Smt.Ramila Ratilal Shah Vs. ACIT [(1998) 60 TTJ (Ahd) 171].
_____________________________________
IN THE INCOME TAX APPELLATE TRIBUNAL
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.