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

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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

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