Gujarat H.C : The ITAT was correct in law and facts and circumstances of the case, in deleting the penalty levied u/s.271(1)(c) of the IT Act by holding that in case, the additional income is disclosed in furtherance to section 153A notice, the same has to be treated as one filed u/s. 139(1) and unless any addition thereupon is made, it is not a case of penalty u/s.271(1)(c) of the Act
High Court Of Gujarat Pr. CIT, Vododara-3 vs. Jigesh Venilal Koralwala Section : 271(1)(C) Assessment Year : 2005-06 Akil Kureshi […]
