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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Levy of penalty u/s 271(1)(c) - ITAT deleted the penalty - ...

Income Tax

August 27, 2018

Levy of penalty u/s 271(1)(c) - ITAT deleted the penalty - Additions u/s 41(1) - one time settlement with the SBI - Bank has waived a sum including interest - assessee has not furnished bifurcation of principal and interest amount in the total amount waived off by the bank - Penalty deleted by ITAT got confirmed.

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