ITAT Delhi Removes Tax Penalty Due to Lack of Opportunity to Clarify Undisclosed Income U/S 271AAA
Introduction-ITAT Delhi Removes Penalty under section 271AAA In a recent development, the Income Tax Appellate Tribunal (ITAT) Delhi bench delivered a significant ruling by waiving the penalty under section 271AAA of the Income Tax Act, 1961. The decision was motivated …