Monday, 30 March 2015

No penalty if assessee had wrongly claimed sec. 80-IB deduction without concealing particulars of in

IT: Where assessee's claim for deduction under section 80-IB in respect of SSI unit was denied on ground that it was a case of reconstruction of business, it could not be a ground to impose penalty under section 271(1)(c) taking a view that deduction was wrongly claimed


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