Madras HC confirms penalty u/s 271(1)(c) even when only Book profit u/s 115JB is enhanced.

In a recent decision, the Hon’ble Madras HC has confirmed levy of penalty u/s 271(1)(c) even when only the book profit computed under section 115JB was enhanced and the taxable income remained NIL only.

For complete text of judgement, click here Madras HC on Penalty on MAT