Section 271(1)(c) Penalty Cannot Survive When Reassessment Is Quashed: ITAT Chennai

Raju Chandrasekar Vs ITO (ITAT Chennai)

Penalty Cannot Survive When Reassessment Is Quashed: ITAT Chennai Deletes Section 271(1)(c) Penalty for AY 2015-16

The Chennai Bench of the ITAT allowed the assessee’s appeal for AY 2015-16 and set aside the penalty imposed under section 271(1)(c), holding that the penalty had no legs to stand once the Please become a Premium member. If you are already a Premium member, login here to access the full content.