Penalty u/s 271(1)(c) Cannot Be Levied for Mere Disallowance: ITAT Rajkot Clarifies the Law | Key Ruling in Pardes Dehydration Co HUF vs ITO Penalty notices under Section 271(1)(c) are often issued almost mechanically whenever an addition or disallowance is made in assessment. But a recent ITAT Rajkot ruling has once again reaffirmed a…
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