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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Penalty u/s 271(1)(c) - on account of survey, if the assessee ...


Penalty Denied: Income Tax Act Sec 271(1)(c) Requires Proof of Concealment or Inaccurate Reporting for Additional Income.

January 5, 2018

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - on account of survey, if the assessee has offered additional income, it cannot be a ground to impose penalty under section 271(1)(c) unless Assessing Officer is able to strictly proved that the income offered by the assessee is either concealed or filed in accurate particulars of income - AT

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