[aaykarbhavan] ITAT rightly deleted penalty as assessee had paid full tax along with interest for income disclosed in search: HC

 

ITAT rightly deleted penalty as assessee had paid full tax along with interest for income disclosed in search: HC

April 29, 2015[2015] 56 taxmann.com 261 (Gujarat)

IT : Where assessee had not paid full amount of tax at time of filing block return and paid balance amount of tax along with interest, assessee could not be penalised under section 158BFA(2)

Regards

Prarthana Jalan

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

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