Penalty u/s 271(1)(c) - the explanations which are not accepted ...

Taxpayer's Explanation u/s 271(1)(c) Can Be Bona Fide Even If Rejected by Revenue Authorities.

October 13, 2016

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - the explanations which are not accepted by the Revenue does not ceases to be a bona fide explanation merely on the grounds that the same were not accepted by the Revenue. - AT

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Penalty u/s 271(1)(c) - the explanations which are not accepted ...

Taxpayer's Explanation u/s 271(1)(c) Can Be Bona Fide Even If Rejected by Revenue Authorities.

October 13, 2016

Case Laws Income Tax AT

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