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Case Law Details

Case Name : Omega Corrugators Pvt. Ltd Vs ITO (ITAT Mumbai)
Appeal Number : ITA No. 5216/Mum/2018
Date of Judgement/Order : 14/02/2020
Related Assessment Year : 2011-12
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Omega Corrugators Pvt. Ltd Vs ITO (ITAT Mumbai)

ITAT Mumbai bench has held that genuine omissions must be excluded from the levy of penalty under section 271 (1)(c) of the Income Tax Act, 1961.

We find that assessee has debited a sum of Rs.3,57,541/- towar

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