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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Penalty levied u/s 271(1)(c) - addition u/s 68 - the entire ...


Penalty u/s 271(1)(c) Unjust for Debatable Issues Related to Additions u/s 68.

April 5, 2017

Case Laws     Income Tax     AT

Penalty levied u/s 271(1)(c) - addition u/s 68 - the entire addition itself becomes debatable one. It is well settled proposition of law that the penalty u/s 271(1)(c) cannot be levied on debatable issues - AT

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