No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]
The ITAT extensively mulled over whether declaration of Additional Income by the Assessee subsequent to notice under Section 153A would disqualify the declaration of income from being treated the same as a Return under Section 139 of the Income Tax Act, 1961
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has overturned an order regarding Concealment of Income, passed by the Commissioner of Income Taxes (Appeals) ( CIT(A) ) pertaining to Assessment Year 2015-16. The ITAT in its judgment stated that the CIT(A) had erred in upholding the decision of the Assessing Officer…
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