No Section 271(1)(c) penalty if Assessee allowed section 80IA(4) deduction subsequently

ITO Vs BGSCTPL-MSKEL(JV) (ITAT Ahmedabad)

In the case of ITO Vs BGSCTPL-MSKEL(JV) (ITA Ahmedabad), the Income Tax Appellate Tribunal (ITAT) dismissed the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, for concealment of income and inaccurate reporting. The dispute arose during the assessment for the assess

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