An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c)
September 23, 2019
Income Tax, ITAT
An order passed in ignorance of binding precedents is erroneous. ITAT deleted penalty u/s 271(1)(c) when in subsequent year it was deleted on similar facts ABCAUS Case Law Citation:ABCAUS 3153 (2019) (09) ITAT Important case law relied upon by the parties:CIT vs. Reliance Petro Products Pvt Ltd (322 …