Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (4) TMI 1562 - AT - Income TaxPenalty u/s 271(1)(c) - Disallowance of claim of deduction u/s 80IA - Addition of unexplained cash transactions - Disallowance of expenses u/ s 37(1) - Held that:- Since the additions have been deleted or restored to the file of the AO. The Revenue has not rebutted the facts stated in the chart. Thus the penalty levied on these amount amounts would not be sustained. Therefore, we direct the AO to delete the penalty.
|