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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Penalty u/s 271(1)(c) - Where an assesse has exercised a bona ...

Case Laws     Income Tax

January 11, 2014

Penalty u/s 271(1)(c) - Where an assesse has exercised a bona fide right but the deductions or exemptions so claimed are found to be incorrect, penalty would follow only if the claim is raised with intent to furnish incorrect particulars and to evade tax - HC

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  8. Imposition of Penalty u/s 271(1)(c) - The explanation given by the assessee for the depreciation claim, is neither bona-fide, nor substantiated - penalty confirmed - HC

  9. Penalty for non deduction of tax at source - bona fide belief proved - penalty set aside - AT

  10. Explanation versus bona finde explanation versus proper disclosure - Penalty under section 271(1)(c) - AT

  11. Penalty under section 271(1)(c) - bona fide or mala fide with an intention to evade taxes - not exigible to levy of penalty under section 271(1)(c) of the Act where the...

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