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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Penalty under section 271(1)(c) - The income of the assessee has ...


Assessing Officer Estimates Taxpayer's Income from Agricultural Land; No Penalty Imposed u/s 271(1)(c.

November 14, 2015

Case Laws     Income Tax     AT

Penalty under section 271(1)(c) - The income of the assessee has been estimated. The AO cold have estimated the generation of agriculture income to this extent, out of such huge tract of agriculture land. - no penalty - AT

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