The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty order under section 271(1)(c) of the Income Tax Act by holding that the same cannot be imposed for want of evidence to support the claim for House Rent Allowance (HRA) if the assessee agreed for the addition. The appellant is an […]
The post Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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