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Penalty u/s 271(1)(c) - recording of satisfaction - AO was not ...


Penalty Not Imposed: AO's Unclear Basis u/s 271(1)(c) on Concealment or Inaccurate Income Details.

December 17, 2017

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - recording of satisfaction - AO was not clear at all as to the fact whether penalty was being levied on the concealment of income or furnishing of inaccurate particulars of income by the assessee - No penalty - AT

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