The Ahmedabad bench of the ITAT has held that the assessee cannot be penalized on ground of a retrospective amendment under the Income Tax Act, 1961. The assessee, Baroda Cricket Association, is an AOP (Trust) engaged in the activity of promoting the game of cricket. It filed its return of income for AY 2009-10 in […]
The post Penalty can’t be levied on Retrospective Amendment: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2Z1kT0B
No comments:
Post a Comment