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Income Tax Update: These Forms Are Now Available For Filing On Income Tax Portal
![CBDT issues instructions for High Pitched Scrutiny Assessment considering Faceless regime [Read Instructions]](/_next/image?url=https%3A%2F%2Fassets.studycafe.in%2Fuploads%2F2022%2F04%2FSTUDYCAFE-IMAGES-Autosaved-68.jpg&w=3840&q=75)
CBDT issues instructions for High Pitched Scrutiny Assessment considering Faceless regime [Read Instructions]

Penalty u/s 271(1)(c) not apply in case of variation in sales consideration & SDV as per Sec 50C deeming provision: ITAT

EPF & ESI Disallowance: Legislative intent was to ensure that the amount when paid is allowed as expenditure

Penalty u/s 271(1)(c) cannot be imposed when assessment order does not specify the reason
