Addition u/s 69 and penalty u/s 271(1)(c) - Failure of the ...

Case Laws Income Tax

November 19, 2013

Addition u/s 69 and penalty u/s 271(1)(c) - Failure of the assessee in proving the capacity of the various shareholders to invest in the share capital, could not have been a ground for initiating penalty proceedings - HC

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Addition u/s 69 and penalty u/s 271(1)(c) - Failure of the ...

Case Laws Income Tax

November 19, 2013

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Penalty levied u/s 271(1)(b) - failure to comply with the notices issued by the A.O u/s 142(1) - the non-compliance on the part of the assessee is due to the reason of...

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The Income Tax Appellate Tribunal (ITAT) held that no penalty u/s 271(1)(c) can be imposed for an ad-hoc disallowance of 20% of expenses made by the Assessing Officer....

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