Penalty u/s 271(1)(c) - suppression in closing stock - Even if ...

No Penalty for Suppression in Stock if Deduction Claimed in Good Faith u/s 271(1)(c.

May 31, 2017

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - suppression in closing stock - Even if some deduction or benefit is claimed by the assessee wrongly but bonafide and no malafide can be attributed, the penalty would not be levied. - AT

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Penalty u/s 271(1)(c) - suppression in closing stock - Even if ...

No Penalty for Suppression in Stock if Deduction Claimed in Good Faith u/s 271(1)(c.

May 31, 2017

Case Laws Income Tax AT

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