Penalty u/s 271(1)(c) - losses on the sale of original units - ...

Penalty u/s 271(1)(c) Not Applicable for Losses on Sale of Original Units, Courts Determine Interpretation Valid.

May 3, 2014

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - losses on the sale of original units - assessee had valued the bonus units at nil value by taking one of the possible views and various courts has held that penalty under these circumstances is not leviable - AT

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Penalty u/s 271(1)(c) - losses on the sale of original units - ...

Penalty u/s 271(1)(c) Not Applicable for Losses on Sale of Original Units, Courts Determine Interpretation Valid.

May 3, 2014

Case Laws Income Tax AT

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