The Supreme Court of India has held that when the liability to pay an erroneously withheld sum is acknowledged and accepted by the Revenue Department, then to deny relief by directing payment in terms of the order under Section 132(5) of the Act would be unjust, unfair and inequitable amount. Supreme Court says that penalty […]
The post Penalty can’t be levied on Erroneously Seized Amount: Supreme Court [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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