Levy of penalty u/s 271(1)(c) - merely treating the business ...
Reclassifying Business Loss as Speculation Loss Doesn't Justify Penalty u/s 271(1)(c) for Income Concealment.
October 21, 2016
Case Laws Income Tax AT
Levy of penalty u/s 271(1)(c) - merely treating the business loss as speculation loss by the AO does not automatically warrant inference of concealment of income or furnishing of inaccurate particulars of income - AT
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