Relief to Airport Authority of India: ITAT deletes Penalty imposed by Income Tax Department [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently granted a major relief to the Airports Authority of India where the Tribunal upheld an order of the Commissioner of Income Tax (Appeals) deleting the penalty imposed on the assessee in connection with a deduction claim Earlier, penalty proceedings have been initiated by the income […]
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