The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(1)(c) of the Income Tax Act cannot be levied on vague charges. The assessee, a salaried individual, who derives a salary from (i) Eaton Technologies Pvt. Ltd (ii) Hutchison 3 Global Services Pvt. Ltd (iii) Axa Technologies Shares […]
The post Penalty can’t be levied on the basis of Vague Charges: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2FLLhDW
No comments:
Post a Comment