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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Penalty under section 271(1) (c) - the cost of construction in ...


High Court Imposes Penalty on Assessee for False Construction Cost Claim u/s 271(1)(c) of Income Tax Act.

November 4, 2015

Case Laws     Income Tax     HC

Penalty under section 271(1) (c) - the cost of construction in the immovable property was found to be a false claim - where the claim of the assessee was found to be false, the assessee is liable to penalty under section 271(1)(c) - HC

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