TMI BlogNo Penalty Imposed After Assessee Files Revised Tax Return u/s 271(1)(c) to Avoid Litigation.Penalty levied u/s.271(1)(c) - revised return filed - assessee has adopted the recourse of avoiding litigation, therefore, revised the return to buy peace of mind - no penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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