Penalty u/s 271(1)(c) - disallowance of interest u/s 43B(e) - ...

Penalty under Income Tax Act's Section 271(1)(c) dismissed due to inadvertent error; no deliberate income understatement found.

July 11, 2019

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - disallowance of interest u/s 43B(e) - after being pointed it out, assessee immediately filed rectification u/s 154 - fining of facts that it is an inadvertent error and cannot be stated to be a contumacious conduct on the part of the assessee and cannot be stated to be with an intention to understate his income by furnishing inaccurate particulars - no substantial question of law

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Penalty u/s 271(1)(c) - disallowance of interest u/s 43B(e) - ...

Penalty under Income Tax Act's Section 271(1)(c) dismissed due to inadvertent error; no deliberate income understatement found.

July 11, 2019

Case Laws Income Tax HC

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