Penalty u/s 271(1)(c) – Gift received from the foreign friends - ...

Penalty Upheld u/s 271(1)(c) for Inadequate Disclosure of Foreign Gift Donors' Details by Recipient.

September 2, 2013

Case Laws Income Tax AT

Penalty u/s 271(1)(c) – Gift received from the foreign friends - It may be true that the assessee may not remember the full addresses but atleast he should have known the State or city of U.S.A. where such donees were living, the assessee do not remember even that - penalty confirmed - AT

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Penalty u/s 271(1)(c) – Gift received from the foreign friends - ...

Penalty Upheld u/s 271(1)(c) for Inadequate Disclosure of Foreign Gift Donors' Details by Recipient.

September 2, 2013

Case Laws Income Tax AT

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