In a recent case, the Income Tax Appellate Tribunal (ITAT), Hyderabad held that it was settled law that penalty on ad hoc disallowance or an addition made on estimate basis was not attracted. Brief facts of the case are that the assessee, an individual engaged in the business of running a Kirana and General Stores, […]
The post Penalty u/s 271B not attracted on Tax Calculated on Estimate Basis: ITAT Hyderabad [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2OQsWuS
No comments:
Post a Comment