No Section 271(1)(c) penalty if Quantum Addition Is deleted: ITAT Cuttack

DCIT Vs ARSS Developers Limited (ITAT Cuttack)

In the case of DCIT Vs ARSS Developers Limited, the Income Tax Appellate Tribunal (ITAT) Cuttack upheld the decision of the Commissioner of Income Tax (Appeals) (CIT(A)) to delete a penalty of ₹3,08,11,278 levied under Section 271(1)(c) of the Income Tax Act for the asses

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