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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Penalty u/s 271(1)(c) - Tribunal was required to consider ...


High Court Reviews Tribunal's Application of Amended Section 271(1)(c) on Income Tax Penalties.

November 23, 2013

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) - Tribunal was required to consider post-amended provision of section 271 [1] of the Act. - HC

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  11. The Assessing Officer (AO) consciously deleted irrelevant portions from the show cause notice, mentioning only the charge of furnishing inaccurate particulars of income....

  12. The Appellate Tribunal dismissed the appeal u/s 249(4)(b) due to non-payment of advance tax. The assessee did not respond to the notice u/s 142(1) to clarify tax payment....

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