Penalty Not Leviable Where Section 148 Return Accepted Without Addition: ITAT Ahmedabad

ITAT Ahmedabad deletes Rs.55,870 penalty under Section 271(1)(c), holding that reasonable cause prevented deemed concealment where income was disclosed after Section 148 notice. The post Penalty Not Leviable Where Section 148 Return Accepted Without Addition: ITAT Ahmedabad appeared first on TaxGuru .