The Delhi High Court has admitted a writ petition challenging an assessment order where the Assessing Officer (AO) escalated the proposed addition from 10% to 100% of an erroneously reported bank balance, despite the mistake being admitted as bona fide. The bench of Justice Dinesh Mehta and Justice Vinod Kumar has restrained the Income Tax…
AO Enhances Addition from 10% to 100% Despite Bona Fide Error in Bank Balance: Delhi HC Stays Demand and Penalty Proceedings
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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