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Ask your queries or reply to others' queries => Discussion => Topic started by: rajul5234 on February 18, 2011, 12:36:07 PM

Title: revised return after notice u/s. 154. penalty u/s 271(1)(c)
Post by: rajul5234 on February 18, 2011, 12:36:07 PM
assessee was a firm and for past years no claim was made u/s 80 IA. thereafter , 80 IA was claimed in same status.

notice u/s 154 issued for another asst. year.. revised return filed  to withdraw claim. penalty u/s 271 (1) (c)  deleted by court

since there was no evidence of any detection in notice u/s 154. dharmendra tex. s.c. considered and penalty deleted even

without  aid of reliance petro s.c. judgement. mistake of claim considered to be bonafide.

refer  50 D. T. R. 321 Guj. Backbone enterprise