ITAT Chennai Remands Penalty Case for Review Despite Appellant’s Negligence

Muthusamy Vs ITO (ITAT Chennai)

The Income Tax Appellate Tribunal (ITAT), Chennai, in the case of Muthusamy vs. ITO, addressed an appeal challenging the imposition of a Rs. 1.50 lakh penalty under Section 271B of the Income Tax Act. The penalty was upheld by the Commissioner of Income Tax (Appeals) [CIT(A)] as the assessee fail

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