[aaykarbhavan] Disallowance made due to retrospective amendment in law doesn't invite concealment penalty on assessee

Disallowance made due to retrospective amendment in law doesn't invite concealment penalty on assessee

April 13, 2015[2015] 55 taxmann.com 533 (Jaipur - Trib.)/[2014] 166 TTJ 485 (Jaipur - Trib.)

IT: Assessee could not be penalized under section 271(1)(c) for claims which were not disallowable by any express provision at relevant time, but were disallowed in view of retrospective amendment

IT: Where assessee-company credited service charges after reducing TDS as per regular accounting policy and filed all relevant particulars for same along with return; penalty under section 271(1)(c) was not leviab

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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