ITAT allows refund of Excess Appeal Fees & deletes penalty on estimated addition

S Sagar Enterprise Vs DCIT (ITAT Mumbai)

Introduction: The case of S Sagar Enterprise vs DCIT, heard by the Income Tax Appellate Tribunal (ITAT) Mumbai, addresses significant issues regarding appeal fees and penalty under section 271(1)(c) of the Income Tax Act, 1961. The tribunal’s ruling sets a precedent in favor of taxpayers seeking refunds and contesting penalties.

Detailed Analysis:

1. Excess Appeal Fees Refund:

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