Case Law Details
Case Name : TechNVision Ventures Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2002-03
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Brief- Merely because the assessee had claimed the expenditure, where claim was not accepted or was not acceptable to the revenue, that by itself would not, attract the penalty under Section 271(1)(c).
Brief Facts of the Assessee:
The Assessee has claimed the exemption under section 10A of the Act Income Tax Act, 1961 (“The Act”). During assessment, the Assessing officer had excluded the income on account of foreign exchange fluctuation for computing eligible income for deduction u/s.10A.
The Assessee had claimed the expenditure of one unit against another unit which was not eligible for d...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
0 Comments
Cancel reply
Do doubt it is a healthy and delicate judgement