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Income Tax - Highlights / Catch Notes

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Penalty u/s. 271(1)(c) - just because no explanation has been ...


Penalty u/s 271(1)(c) Not Justified by Lack of Explanation; Proceedings Are Independent of Assessments.

July 15, 2016

Case Laws     Income Tax     AT

Penalty u/s. 271(1)(c) - just because no explanation has been offered by the assessee during the penalty proceedings the Ld. AO cannot automatically proceed to levy penalty as admittedly penalty proceeding is independent of assessment proceedings. - AT

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