section 271AAC – smeaccountant

Studio shot of income tax envelope with red pen for accounting and tax season preparation.

Income Tax Tribunal Remands Rs 1.09-Crore Cash Addition and Sets Aside Penalty

Income Tax Appellate Tribunal in Agra remands a Rs 1.09-crore cash addition for fresh review and deletes the consequential penalty under section 271AAC.

Prasenjit Bhowmik September 6, 2026