Penalty U/s. 271(1)(c) not justified based on mere high stamp duty valuation of property

ITO Vs. Shri Ajay Sharma (ITAT Delhi)

Where assessee had offered actual amount received on sale of property for taxation, revenue authorities were not justified in passing penalty order under section 271(1)(c) by adopting higher Please become a Premium member. If you are already a Premium member, login here to access the full content.