Levy of penalty u/s 271(1)(c) - since there is only a change of ...

Penalty u/s 271(1)(c) Overturned: No Evidence of Intentional Wrongdoing in Income Reclassification by Taxpayer.

January 14, 2017

Case Laws Income Tax AT

Levy of penalty u/s 271(1)(c) - since there is only a change of head of income from ‘STCG’ as declared by the assessee to ‘business income’ as held by the AO and no evidence brought on record that the assessee’s claim was not bona fide - No penalty - AT

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Levy of penalty u/s 271(1)(c) - since there is only a change of ...

Penalty u/s 271(1)(c) Overturned: No Evidence of Intentional Wrongdoing in Income Reclassification by Taxpayer.

January 14, 2017

Case Laws Income Tax AT

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Penalty for concealment of income Under Section 271(1) (c) - Article

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