https://www.taxtmi.com/highlights?id=68233 Penalty proceedings u/s 271 (1) (C) or 276C - assessment u/s 153C - if an entity is legally entitled to file a revised return of tax, even in terms of Section 153C, within a period and if it does so within such period, the same cannot attach any further disadvantage to the entity for having done so. In this regard the stand of the Revenue that the assessee tried to evade penalty tax by revising return is also not quite tenable. - HC en-us Sat, 11 Feb 2023 11:09:46 +0530 Sat, 11 Feb 2023 11:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68233 Penalty proceedings u/s 271 (1) (C) or 276C - assessment u/s 153C - if an entity is legally entitled to file a revised return of tax, even in terms of Section 153C, within a period and if it does so within such period, the same cannot attach any further disadvantage to the entity for having done so. In this regard the stand of the Revenue that the assessee tried to evade penalty tax by revising return is also not quite tenable. - HC Highlights Income Tax Sat, 11 Feb 2023 11:09:46 +0530 https://www.taxtmi.com/highlights?id=68233