Penalty under Section 271G deleted for bonafide conduct of the taxpayer
Last updated: 10 September 2021
Court :
Madras High Court
Brief :
In Commissioner of Income Tax v. M/s. SSL-TTK Ltd. [T.C.A.No.776 of 2014 dated August 05, 2021], the current appeal has been filed against the Order I.T.A.No.544/Mds/2011 dated February 15, 2021 passed by the Income Tax Appellate Tribunal, Chennai ("the ITAT") on the issue as to whether the ITAT was right in upholding the order which directed the Assessing Officer ("AO") to delete the penalty under Section 271G of the Income Tax Act, 1961 ("the IT Act").
Citation :
T.C.A.No.776 of 2014 dated August 05, 2021
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Bimal Jain
Published in Income Tax
Views : 163
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