The Income Tax Appellate Tribunal ( ITAT ), Kolkata bench in an appeal filed by the assessee directed against the order of Ld.CIT(Appeals) considered the issue relating to the disallowance of Rs. 5,00,000/- made by AO and confirmed by Ld.CIT(A) on account of penalty charges paid to IRDA. In the instant case, the assessee is […]
The post Penalty Charges levied by IRDA can’t be disallowed: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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