The ITAT bench of Ahmedabad has deleted the penalty u/s 271(1)(c)

The ITAT bench of Ahmedabad has deleted the penalty u/s 271(1)(c)

The ITAT bench of Ahmedabad has deleted the penalty u/s 271(1)(c) of the Act and held that the assessee cannot be liable for penalty under Section 271(1)(c) of the Act when an addition is being made with the help of the deeming provision of Section 50C of the Act. (ITA No. 348/Ahd/2021)



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