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ITAT upheld concealment penalty as non-deduction of TDS wasn’t a bona fide belief for non-taxability of income

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  • ITAT upheld concealment penalty as non-deduction of TDS wasn’t a bona fide belief for non-taxability of income
Posted onon November 9, 2018

Tenet Tax Daily October 30 2018

By tenettax-team
Corporate Tax

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Exp. incurred on education of partner’s in Foreign Country was allowable if it was linked with business of firm
No penalty on late filing of TDS return if tax was deducted and deposited in time: Delhi ITAT

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