Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]

By Taxscan Team - On October 26, 2022 2:42 pm - 2 mins read
Income Tax Return - Tax Audit Report - ITAT - Penalty - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai deleted penalty of Rupees one Lakh as there was proper filing of return of income along with tax audit report. A survey under section 133A of the Act was conducted at the assesseeā€™s,M/s. Saravana Foundation business premises and during the course of survey, it was found that the…

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