Sushmita Sen gets relief from ITAT in Income Tax penalty case

Advocate Akhilesh Kumar Sah Sushmita Sen Vs ACIT (ITAT Mumbai) Sushmita Sen recent appeal: Where the assessee made certain claim which had not been accepted by the Revenue, penalty under section 271(1)(c) thereon deleted Very recently, in Sushmita Sen vs. ACIT [I.T.A. No.4351/Mum 2015 and 4352/Mum 2015, A.Y. 2004-05, decided on 14.11.2018], appeals by assessee for Assessment Year [in short referred to as ‘AY’] 2004-05 contested the orders of first appellate authority qua confirmation of certain addition as well as penalty under section 271(1)(c) of the Income Tax Act, 1961 (for short ‘A...