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Income Tax - Highlights / Catch Notes

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Penalty levied u/s 271(1)(c) - the assessee has given evidences, ...

Income Tax

May 8, 2021

Penalty levied u/s 271(1)(c) - the assessee has given evidences, on which no findings was given by Ld. CIT(A), in our view, the assessee reasonably explained the facts qua this addition before Ld. CIT(A. Therefore, in our view, this is not a fit case for sustaining the levy of penalty under section 271(1)(c) - AT

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