Penalty u/s 271(1)(c) – Concealment of income – assessee agreed ...
Court Confirms Penalty for Income Concealment u/s 271(1)(c); "Peace Agreement" Justification Rejected by Court.
April 19, 2014
Case Laws Income Tax HC
Penalty u/s 271(1)(c) – Concealment of income – assessee agreed to be assessed at 11% of the gross receipts only “to buy peace” and “avoid litigation” cannot be accepted - penalty confirmed - HC
View Source