Sponsored
    Follow Us:

Case Law Details

Case Name : Nilons Enterprises Pvt. Ltd. Vs ITO (ITAT Pune)
Related Assessment Year : 2016-17
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Nilons Enterprises Pvt. Ltd. Vs ITO (ITAT Pune)

Conclusion: Penalty under Section 271E was not leviable as there was a reasonable cause for adjustment of security deposits against outstanding’s receivable on the part of the assessee for violation, of sections 269SS and 269T.

Held: Assessee-company was engaged in the business of manufacturing and selling food products had filed its income tax returns (ITR) for the for the AY 2016-17, declaring the income as nil. During the assessment proceedings, AO observed that assessee made repayment

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Your email address will not be published.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