ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]

By Shabna Rahim - On November 23, 2023 5:30 pm - 2 mins read
Penalty - Mumbai bench - tax news - Income Tax Act - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the levy of penalty under section 271(1)(c ) of the Income Tax Act,1961 on the grounds of absence of proper opportunity of hearing.  Global Cricket Corpn Pte Ltd, the respondent-assessee was a company incorporated in Singapore and had obtained Worldwide Media and sponsorship rights…

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