Income Tax - Case Law - Commissioner of Income Tax III Chennai Versus M s Sriram Chits Tamil Nadu P Ltd 2013 7 TMI 67 MADRAS HIGH COURT

Penalty u s 271 1 c Tribunal upheld order of Commissioner of Income Tax Appeals cancelling the penalty levied under Section 271 1 c Held that Mere fact that the assessee had given up the plea of mutuality one cannot imme.......... Income Tax - Case Law