Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
No Penalty after Completion of Scrutiny Assessment u/s 143(3) of IT Act, when necessary Evidence is Furnished: ITAT
The Income Tax Appellate Tribunal (ITAT) ruled that no penalty can be imposed after the completion of a scrutiny assessment under Section 143(3) of the Income Tax Act if the necessary evidence is furnished by the taxpayer.