The entire addition was based on the conditional surrender made ...
Assessing Officer's Notice for Penalty u/s 271(1)(c) Invalid Due to Conditional Surrender by Assessee.
September 8, 2016
Case Laws Income Tax AT
The entire addition was based on the conditional surrender made by the assessee. The AO did not honour the condition of not levying penalty and went ahead and issued notice for levying penalty u/s 271(1)(c) - No penalty - AT
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