Where there is no evidence of receipt of consideration over and ...

Case Laws Income Tax

September 1, 2016

Where there is no evidence of receipt of consideration over and above declared by the assessee and the assessment is either completed u/s 143(3) or even u/s 148 based on deemed sale consideration u/s 50C as per stamp duty authority invoking provisions of section 50C, the penalty u/s 271(1)(c) is not leviable. - AT

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Where there is no evidence of receipt of consideration over and ...

Case Laws Income Tax

September 1, 2016

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