Mumbai ITAT Cancels Section 271(1)(c) Penalty for Mere Change in Head of Income

Mumbai ITAT cancelled ₹1,90,344 penalty under Section 271(1)(c), holding that a disclosed receipt assessed under another income head did not establish inaccurate particulars. The post Mumbai ITAT Cancels Section 271(1)(c) Penalty for Mere Change in Head of Income appeared first on TaxGuru .