High Court Upholds ITAT Decision to Delete Penalty u/s 271(1)(c) for Revised Return Filed u/s 139(5.

High Court Upholds ITAT Decision to Delete Penalty u/s 271(1)(c) for Revised Return Filed u/s 139(5. https://www.taxtmi.com/highlights?id=38278 Penalty u/s 271(1)(c) levied on income declared in the revised return of income filed u/s. 139(5) - Admittedly, there is no allegation that the revised return of income filed by the Assessee, contains any inaccurate particulars of income - ITAT rightly deleted the penalty - HC en-us Fri, 09 Mar 2018 13:43:43 +0530 Fri, 09 Mar 2018 13:43:43 +0530 TaxTMI RSS Generator High Court Upholds ITAT Decision to Delete Penalty u/s 271(1)(c) for Revised Return Filed u/s 139(5. https://www.taxtmi.com/highlights?id=38278 Penalty u/s 271(1)(c) levied on income declared in the revised return of income filed u/s. 139(5) - Admittedly, there is no allegation that the revised return of income filed by the Assessee, contains any inaccurate particulars of income - ITAT rightly deleted the penalty - HC Highlights Income Tax Fri, 09 Mar 2018 13:43:43 +0530 https://www.taxtmi.com/highlights?id=38278