Penalty u/s 271(1)(c) – Inaccurate particulars of income – ...

Case Laws Income Tax

November 4, 2013

Penalty u/s 271(1)(c) – Inaccurate particulars of income – Penalty u/s 271(1)(c) – Inaccurate particulars of income – Expenses on education of son of managing director named as Staff and labour training expenses - AT

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Penalty u/s 271(1)(c) – Inaccurate particulars of income – ...

Case Laws Income Tax

November 4, 2013

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Penalty u/s 271(1)(c) of the Act is liable to be imposed only where the assessee has concealed its particulars of income or furnished inaccurate particulars. Action of...

Levy of penalty u/s 271(1)(c) - Once, all the documentary evidences were produced before the AO and sales are no doubted, it is doubtful, whether the purchases are bogus...

The crux pertains to levying penalty u/s 271(1)(c) for alleged furnishing of inaccurate particulars or concealment of income regarding capital gains computation on sale...

Penalty u/s 271(1)(c) - recording of satisfaction - mere direction in the assessment order to initiate penalty proceedings - Concealment/furnishing inaccurate...

Penalty u/s 271(1)(c) - additional income was declared in survey u/s 133A - date of filing of return u/s 139(1) had not expired - The fact of “concealment of income” and...

Penalty levied u/s 271 (1) (c) - As the appellants had disclosed the income, after detection by the department and as per the terms of settlement, the assessing officer...

Penalty u/s 271(1)(c) - Explanation is bonafide is, we find, supported by the fact that during assessment proceedings the assessee, realizing his mistake even before...

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