No penalty on income suo motu offered by assessee in his return of income

ACIT Vs Swapnadeep Krushi Paryatan Kendra (ITAT Pune)

The AO has imposed penalty only with reference to the amount of Rs.1.50 crore which was suo motu declared by the assessee in the return. In that view of the matter, the ratio laid down in MAK data Pvt. Ltd. (supra) has no applic

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