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| The Tax Publishers2020 TaxPub(DT) 1859 (Mum-Trib) INCOME TAX ACT, 1961
Section 271(1)(c)
Once addition on which penalty stood levied had been deleted by appellate authorities, then penalty levied on said addition could not survive.
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Penalty under section 271(1)(c) - Concealment or furnishing of inaccurate particulars - Addition forming the basis of penalty deleted by ITAT in quantum proceedings -
Assessee challneged penalty levied under section 271(1)(c) on additions towards disallowance of professional fees. Assessee's case was that additions made by AO towards disallowance of professional fees had been finally deleted by ITAT in quantum proceedings.Held: Once addition on which penalty levied had been deleted by appellate authorities, then penalty levied on said addition could not survive.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2007-08 to 2009-10
INCOME TAX ACT, 1961
Section 271(1)(c), 92C
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