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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Penalty u/s 271(1)(c) - even if the statement does not specify ...

Case Laws     Income Tax

April 24, 2014

Penalty u/s 271(1)(c) - even if the statement does not specify the manner in which the income is derived, if the income is declared and tax thereon paid, there would be substantial compliance - no penalty - AT

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  8. Penalty u/s.271(1)(c) or penalty u/s.271AAA - The provisions of Section 271AAA(3) of the Act specifically excludes the provisions of Section 271(1)(c) of the Act for the...

  9. Penalty u/s 271(1)(c) - the fact that the assessee and his son have declared the undisclosed income in their individual return of income and have paid taxes but capital...

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