Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2018 (1) TMI 1226 - ITAT MUMBAI
Penalty u/s 271(1)(c) - non recording of reasons to levy penalty - Held that:- In the absence of recording of satisfaction regarding the exact nature of offence, no penalty under section 271(1)(c) can be imposed. In view of the aforesaid, we delete the penalty imposed. - Decided in favour of assessee