Case Law Details
Case Name : Synergy Art Foundation Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Mumbai
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Synergy Art Foundation Ltd. Vs DCIT (ITAT Mumbai)
Penalty u/s 271(1)(c) Deleted Where Loss Claim Withdrawn and No Tax Benefit Availed
The Mumbai ITAT (G Bench) allowed the appeal of Synergy Art Foundation Ltd. for AY 2012-13 and deleted the penalty of ₹8.44 lakh levied under section 271(1)(c), holding that the case did not warra
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