Penalty u/s 271(1)(c) - property dealer - addition on account of ...

No Penalty for Property Dealer: Section 271(1)(c) Criteria Differ from Quantum Addition in Income Tax Case.

October 14, 2013

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - property dealer - addition on account of cash retained - The facts of the case may justify the addition in the quantum case, but the parameters to sustain the penalty imposed under section 271(1)(c) are different, and the assessee is entitled to benefit of doubt - no penalty - AT

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Penalty u/s 271(1)(c) - property dealer - addition on account of ...

No Penalty for Property Dealer: Section 271(1)(c) Criteria Differ from Quantum Addition in Income Tax Case.

October 14, 2013

Case Laws Income Tax AT

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