Penalty u/s 271(1)(c) - In our country’s legal and ...

Income Tax Department's Role: Ensuring Compliance, Not Fear, u/s 271(1)(c) for Concealment Penalties.

July 19, 2016

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - In our country’s legal and constitutional frame work, the role assigned to the income tax department is to act like a ‘watch dog’ to ensure that tax evasion is checked and legitimate tax collection is augmented, but not to act like a ‘scare crow’. - AT

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Penalty u/s 271(1)(c) - In our country’s legal and ...

Income Tax Department's Role: Ensuring Compliance, Not Fear, u/s 271(1)(c) for Concealment Penalties.

July 19, 2016

Case Laws Income Tax AT

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Penalty u/s 271(1)(c) - Penalty order did not specify the particular limb under which penalty u/s 271(1)(c) is levied. AO has not specified that penalty is either levied...

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The assessee had conceded the compensation income to be included as income from other sources. However, upon judicial examination, the compensation was found to be...

Penalty u/s.271(1)(b) - no compliance to notice u/s 142(1) - The AO levied the penalty for non-compliance of notice dated 13.06.2016, however, there is no reference of...

Penalty u/s 271(1)(c) - Penalty under section 271(1)(c) of the Act is leviable to be imposed only where the assessee has concealed its particulars of income or furnished...

Validity of the penalty u/s 271(1)(c) or 158BFA - AO has levied the penalty under section 271(1)(C) of the Act by observing that the assessee has concealed/furnished...

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