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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

When assessment was made on income computed u/s115JB and tax had ...


No Penalty u/s 271(1)(c) When Tax Paid u/s 115JB; Normal Assessment Additions Not Applicable.

August 8, 2014

Case Laws     Income Tax     AT

When assessment was made on income computed u/s115JB and tax had been paid on income so computed, penalty u/s 271(1)(c) would not be imposed with reference to addition that would have been made while making assessment under normal procedure - AT

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