Penalty u/s 271(1)(c) – Assessee was well in the knowledge of ...

Penalty Confirmed for Assessee u/s 271(1)(c) for Speculation Transactions Without Commodity Delivery.

December 15, 2014

Case Laws Income Tax AT

Penalty u/s 271(1)(c) – Assessee was well in the knowledge of the fact that for the transactions entered into, delivery of commodities has not taken place - It is a clear case of “speculation transaction” - penalty confirmed - AT

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Penalty u/s 271(1)(c) – Assessee was well in the knowledge of ...

Penalty Confirmed for Assessee u/s 271(1)(c) for Speculation Transactions Without Commodity Delivery.

December 15, 2014

Case Laws Income Tax AT

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