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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Penalty u/s 271(1)(c) on surrendered income - assessee would be ...


Section 271(1)(c) Penalty for Undisclosed Income Found During Assessment or Investigation by Assessing Officer.

September 23, 2013

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) on surrendered income - assessee would be liable for action under section 271(1)(c) in respect of such items only which are discovered by the AO on the scrutiny of return of income or after carrying out investigation and discovering some more items of income not found declared or mentioned in the return of income - AT

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