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

High Court Rules: No Penalty u/s 271(1)(c) for Assessee's Failure to Prove Shareholders' Investment Capacity.

November 19, 2013

Case Laws Income Tax HC

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 ...

High Court Rules: No Penalty u/s 271(1)(c) for Assessee's Failure to Prove Shareholders' Investment Capacity.

November 19, 2013

Case Laws Income Tax HC

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