Bombay HC quashes penalty citing technical glitches in ITBA records

VRML Constructions Pvt Ltd Vs Union of India & Ors (Bombay High Court)

Bombay HC Order on quashing penalty being imposed by AO on ITBA technical glitch with option to impose penalty as per appeal decision

Basis for levy of penalty

The relevant paragraph from the impugned penalty order

“The assessee has offered explanation in response to the notices issued during the course of penalty proceedings but was not found satisfactory because as per ITBA data there Form no. 35 is not found whereas assessee is clai

Please become a Premium member. If you are already a Premium member, login here to access the full content.