Income Tax | Section 54 Shortfall Not Taxable in Original Year: Mumbai ITAT Deletes Penalty

Mumbai ITAT holds Section 54 shortfall was not taxable in AY 2014-15 and deletes penalty of Rs.5,25,923 under Section 271(1)(c). The post Section 54 Shortfall Not Taxable in Original Year: Mumbai ITAT Deletes Penalty appeared first on TaxGuru .