ITAT, Delhi: Income Tax Penalty Cannot be Imposed Unless Assessee Obliged In Law - 05.04.2022

Income Tax Appellate Tribunal, Delhi observed that the penalty of income tax under section 271(1)(c) of the Income Tax Act, 1961 cannot be obligatory unless assessee obliged in law, either acted deliberately in defiance of law or guilty of dishonest conduct or acted in conscious disregard of its obligation.

Tags : Income Tax Appellate Tribunal Delhi income tax section 271(1)(c) of the Income Tax Act 1961 assessee

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