Penalty u/s.271(1)(c) - declaration of income recorded ...

Taxpayer Can Present New Arguments in Penalty Proceedings, Separate from Assessment, per Section 271(1)(c.

June 27, 2016

Case Laws Income Tax AT

Penalty u/s.271(1)(c) - declaration of income recorded u/s.132(4) - It is the settled position of law that penalty proceedings and assessment proceedings are separate and distinct. The assessee can advance new arguments during penalty proceedings - AT

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Penalty u/s.271(1)(c) - declaration of income recorded ...

Taxpayer Can Present New Arguments in Penalty Proceedings, Separate from Assessment, per Section 271(1)(c.

June 27, 2016

Case Laws Income Tax AT

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