Penalty u/s 271(1)(C) - Disallowance of interest expenditure and ...

Penalty u/s 271(1)(C) Invalid: No Inaccurate Income Details Found in Interest Expenditure Case.

June 21, 2018

Case Laws Income Tax AT

Penalty u/s 271(1)(C) - Disallowance of interest expenditure and letter of credit charges - difference of opinion between the AO as well as the assessee that the money that been utilized for the purpose of acquisition of the assets have been capitalized till the assets have been put to use - it cannot be said that assessee has furnished inaccurate particulars of its income

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Penalty u/s 271(1)(C) - Disallowance of interest expenditure and ...

Penalty u/s 271(1)(C) Invalid: No Inaccurate Income Details Found in Interest Expenditure Case.

June 21, 2018

Case Laws Income Tax AT

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