ITAT deletes Penalty as Quantum Addition does not Attain Finality [Read Order]

ITAT - Penalty - Addition - Attain - Finality - TAXSCAN

The Chennai Bench of Income Tax appellate Tribunal (ITAT) has deleted the penalty as quantum addition does not attain finality. CVMV Reddy’s Educational & Public Charitable Trust, the assesse filed an online application in Form 10A for registration under section 12AA of Income Tax Act 1961. While processing the application, the CIT (E) has noted…

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