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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Penalty u/s 271(a)(c) - The explanation filed by the assessee ...


Assessee penalized u/s 271(a)(c) for failing to disclose interest income; explanation deemed not bona fide.

January 11, 2017

Case Laws     Income Tax     AT

Penalty u/s 271(a)(c) - The explanation filed by the assessee about not disclosing interest income in the return of income was not bona fide - levy of penalty confirmed - AT

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