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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Levying penalty u/s 271(1)(c) - whatever entries were passed in ...


No Penalty u/s 271(1)(c) for Genuine Book Entries Made Without Intent to Deceive in Income Tax Act.

July 8, 2017

Case Laws     Income Tax     AT

Levying penalty u/s 271(1)(c) - whatever entries were passed in the books were passed in the bona fide manner. No penalty is leviable for violation of deeming provisions

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