Penalty u/s 271(1)(c) of the Income Tax Act – Claim of ...
High Court: No Penalty u/s 271(1)(c) for Good Faith Expenditure Claims in Profit and Loss Account.
October 31, 2013
Case Laws Income Tax HC
Penalty u/s 271(1)(c) of the Income Tax Act – Claim of expenditure made in P & L A/c – there was no lacking in bona fides in the claim of the assessee originally made - no penalty - HC
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