Sponsored
    Follow Us:

Case Law Details

Case Name : Sunrise Broking P. Ltd. Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2014-15
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Sunrise Broking P. Ltd. Vs ITO (ITAT Ahmedabad)

In the case of Sunrise Broking P. Ltd. Vs ITO, the ITAT Ahmedabad has ruled in favor of the appellant, deleting a penalty levied due to additions made to interest on income tax refund. The ITAT concluded that there was no concealment or inaccuracy in the reported income particulars, leading to the abolition of the penalty.

The initial penalty under section 271(1)(c) of the Act was charged due to two main additions to the income of the appellant: Expenses incurred in rela

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31