Penalty not leviable when Assessment itself is Quashed: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in Sh. Ravinder Taneja v. ACIT, held that the Penalty imposed on the assessee becomes invalid since the assessment under Section 158BC of the Income Tax Act has already been deleted. In the instant case, an assessment under the above provision was passed […]

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