AO has imposed penalty u/s.271(1)(c) on disallowance made u/s. 40(a)(ia).
whether it is tanable in law?
Can I apply the ratio of judgment delivered in case of Reliance Petro Product?
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Penalty u/s. 271(1)(c)
Replies (1)
Contention of AO is incorrect. Yes, judgement in case of Reliance petro product is applicable here. Refer attached article for reference.
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