Penalty u/s. 271(1)(c) - absence of due care does not mean that ...

Absence of due care by assessee doesn't justify penalty under Income Tax Act Section 271(1)(c); no automatic guilt.

June 24, 2013

Case Laws Income Tax AT

Penalty u/s. 271(1)(c) - absence of due care does not mean that the assessee is guilty of either furnishing inaccurate particulars or attempting to conceal its income - no penalty - AT

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Penalty u/s. 271(1)(c) - absence of due care does not mean that ...

Absence of due care by assessee doesn't justify penalty under Income Tax Act Section 271(1)(c); no automatic guilt.

June 24, 2013

Case Laws Income Tax AT

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