Penalty u/s 271(1) C

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..... The AO has issued assessment order and 271 notice on the same date. he has not specifically menchined whether it is a 'conceelment' or 'inacurate perticulars' But as per the section he has to record .....

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..... the reasons before the date of such search(findings) Whether Ao is justified? Ref case cit2006 -280itr 4129del) may be reffered? - Reply By Vivek Harsh - The Reply = Under 271 penalty can be levie .....

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..... d either for concealment or Inaccurate particulars or both. If he has recorded his satisfaction he can levy penalty. - Penalty u/s 271(1) C - Query Started By: - ishwar hegde Dated:- 17-2-2012 Incom .....

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..... e Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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