Tag Archives: MAT Provisions

No Penalty u/s 271(1)(c) where disallowances made under normal provisions but tax levied under MAT

By | January 2, 2016

As per the circular No 25/2015 issued by CBDT on 31st December 2015 , No Penalty under section 271(1) (C) wherein additions /disallowances made under normal provisions of the income tax act 1961 but tax levied under MAT provisions u/s 115JB/115JC for cases prior to AY 2016-17 Read Complete Circular