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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Penalty u/s 271(1)(c) - voluntary surrender of income - There is ...


Assessee's Voluntary Income Surrender u/s 271(1)(c) Accepted, No Penalty Imposed Due to Lack of Investigation Evidence.

September 2, 2013

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - voluntary surrender of income - There is no reference to any investigation or adverse material - The assessee’s offer is to be held as voluntary surrender, accepted by the department - No penalty - AT

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