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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Levy of penalty u/s 271 - disallowance u/s 14A - merely interest ...


Penalty u/s 271 Not Automatic for Disallowed Interest: No Inaccurate Income Reporting u/s 14A.

January 11, 2017

Case Laws     Income Tax     AT

Levy of penalty u/s 271 - disallowance u/s 14A - merely interest has been disallowed does not mean that the assessee has considered the income are filed the inaccurate particulars of income - AT

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