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

Case Laws Income Tax

October 14, 2013

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 ...

Case Laws Income Tax

October 14, 2013

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