Case Law Details
Case Name : CIT Vs Valley Iron & Steel Co. Ltd. (Delhi High Court)
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All High Courts Delhi High Court
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CIT Vs Valley Iron & Steel Co. Ltd. (Delhi High Court)
In a recent judgment, the Delhi High Court has upheld the decision of the Income Tax Appellate Tribunal (ITAT), which had set aside the penalty imposed on Valley Iron & Steel Co. under Section 271(1)(c) of the Income Tax Act, 1961. The penalty had been imposed due to disallowance under Section 43B of the Act, which the company had voluntarily enhanced.
This case is a cornerstone regarding voluntary disallowance enhancement unde
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