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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Penalty u/s 271(1)(c) - even if it is assumed that concealment ...


High Court Upholds Penalty for Concealment of Income u/s 271(1)(c) of Income Tax Act.

January 13, 2018

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) - even if it is assumed that concealment of the income was invented by the Assessing Officer from the details that are furnished by the assessee, that does not amount to a disclosure made by the assessee nor does it absolve the assessee from the concealment of income or furnishing of inaccurate particulars of income.- Levy of penalty confirmed - HC

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