Penalty u/s 271(1)(c) - claim of entire interest as deduction ...
Taxpayer Avoids Penalty u/s 271(1)(c) After Revising Return for Excess Deduction Claim on House Property.
February 11, 2017
Case Laws Income Tax AT
Penalty u/s 271(1)(c) - claim of entire interest as deduction u/s 24 under the head income from house property - assessee had filed the revised return of income by paying the balance due tax on the amount excessive claimed against the restriction of deduction to the extent of ₹ 1.50 lacs - No penalty - AT
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