Where the return of income filed u/s 153A of the Act is accepted ...
No Penalty u/s 271(1)(c) If Income Return u/s 153A Is Accepted by Assessing Officer.
December 15, 2014
Case Laws Income Tax AT
Where the return of income filed u/s 153A of the Act is accepted by the Assessing Officer, there will be no concealment of income and, consequently, penalty u/s 271 (1)(c) cannot be imposed - AT
View Source