Wednesday 3 December 2014

No concealment penalty on claiming incorrect sec. 80-IA relief if assessee had disclosed such fact

IT : Where assessee's claim deduction under section 80-IA on sales tax benefits which were not derived from its eligible business was disallowed but no information or statement given in return was found to be factually incorrect or inaccurate concealment, penalty was not be imposed


No comments:

Post a Comment