Penalty U/s. 271(1)(c) not sustainable on deletion of addition for relevant expenses

Advocate Akhilesh Kumar Sah

DCIT Vs Prabhudas Liladhar P. Ltd. (ITAT Mumbai)

Prabhudas Liladhar P. Ltd.  Case: Once The Whole Basis Of Addition Itself As Made By The AO In Quantum Has Been Deleted By The Tribunal And Expenses Were Related To The Business Penalty Levied By The AO Under Sec

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