Madras H.C : The Income Tax Appellate Tribunal is right in law in confirming the levy of penalty of Rs.5,31,800/-under Section 271(i)(c)

High Court Of Madras Magna Credit & Financial Services Limited vs. DCIT Section : 271(1)(c) Asst. Year : 1996-1997 T.S. Sivagnanam & V.Bhavani Subbaroyan, JJ. T.C.(A)No.1522 of 2007 20th September, 2018 Counsel appeared: M/s. Sree Lakshmi Valli for the Petitioner.: Karthik Ranganathan for the Respondent. V.BHAVANI SUBBAROYAN, J. 1. The present tax appeal is filed…

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