No Penalty u/s 270A of Income Tax Act imposable when Deduction Claim of Education Cess was withdrawn: Rajasthan HC [Read Order]

Penalty under Income Tax Act not sustained when the assessee withdraws the claim itself
By Yogitha S. Yogesh - On January 13, 2024 2:27 pm - 2 mins read
Rajasthan High Court - Education cess deduction - Income tax penalty exemption - Income Tax - Education Cess - taxscan

The Rajasthan High Court has held that the Penalty under section 270A of the Income Tax Act, 1961 is imposable when a deduction claim of education cess was withdrawn. G R Infraprojects Limited, the petitioner is a publiclimited company engaged in the execution of turnkey infraprojects. The petitioner company is regularly filing its income tax…

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