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I-T Authority Fails To Consider Reason For Difference In Sale Consideration & Stamp Duty: Mumbai ITAT Deletes Penalty Levied U/s 270A For Under-Reporting Of Income

Noting that neither the Assessing Officer nor the CIT(A) have taken into consideration the explanation offered by the Assessee during the assessment proceedings in relation to the difference in the. ....

Pritesh Mehta , Assessing Officer , Prashant Maharishi , Accountant Member , Rahul Chaudhary , Judicial Member , Evaluation Officer , Mumbai Itat , Ssessing Officer , Assessment Proceedings , Sale Consideration , Stamp Duty Valuation , Immovable Property , Deleted The Penalty , S 270a Of The Income Tax Act ,