Is expenditure on account of provision of standard assets an allowable expenditure under the Income Tax Act?
Last updated: 09 June 2021
Court :
ITAT Mumbai
Brief :
This appeal by the assessee is directed against the order of the learned Commissioner of Income Tax (Appeals)-9, Mumbai (‘ld.CIT(A) for short) dated 18.06.2019 and pertains to the assessment year (A.Y.) 2012-13 and the issue raised is confirming the levy of penalty of Rs.9,52,784/-.
Citation :
This appeal by the assessee is directed against the order of the learned Commissioner of Income Tax (Appeals)-9, Mumbai (‘ld.CIT(A) for short) dated 18.06.2019 and pertains to the assessment year (A.Y.) 2012-13 and the issue raised is confirming the levy of penalty of Rs.9,52,784/-.
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Published in Income Tax
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