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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