Mere preferring a claim unacceptable to the Revenue does not lead to Levy of Penalty: ITAT grants relief to HCL [Read Order]

In a relief to the HCL Technologies, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that mere preferring a claim unacceptable to the Revenue does not lead to levy of penalty. The assessee, HCL Technologies had several export-oriented units which were also registered with STPI authority and in respect of such units, the assessee […]
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