CORPORATE AND PROFESSIONAL UPDATE May 12, 2017
Professional Update for the day: Direct Tax: Uncertainty to the applicability of Section [271(1)(c) of the Act or section 271AAA] is a reflection of non application of mind by the AO, and, therefore, the notice issued by the AO under section 274 r.w.s. 271(1)(c) of the Act is untenable and consequently, the penalty imposed by …