ITAT Imposes Rs. 10,000 Cost on Appellant for not responding to notices issued by AO

Hunt International Investments LLC Vs DCIT (ITAT Mumbai)

Introduction: In the case of Hunt International Investments LLC Vs DCIT (ITAT Mumbai), a significant ruling was issued involving the non-response to notices under section 142(1) of the Income Tax Act, 1961. ITAT imposed a cost of Rs. 10,000 on the foreign portfolio investor. This article delves into the key aspects of the order and analyzes the implications.

Analysis:

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