Penalty non leviable u/s 271(1)(c) if the income disclosed in ...

Penalty u/s 271(1)(c) Not Applicable for Nil Income Disclosures and Assessments in Tax Returns.

March 24, 2017

Case Laws Income Tax SC

Penalty non leviable u/s 271(1)(c) if the income disclosed in the Return and the income assessed is nil - even after addition there is no positive income - penalty is to be set aside - SC

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Penalty non leviable u/s 271(1)(c) if the income disclosed in ...

Penalty u/s 271(1)(c) Not Applicable for Nil Income Disclosures and Assessments in Tax Returns.

March 24, 2017

Case Laws Income Tax SC

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Penalty u/s 271(1)(c) - additional income was declared in survey u/s 133A - date of filing of return u/s 139(1) had not expired - The fact of “concealment of income” and...

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Explanation versus bona finde explanation versus proper disclosure - Penalty under section 271(1)(c) - AT

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