Penalty u/s 271(1)(c) - whether the assessee’s application of ...

TNMM Application Deemed Diligent; No Penalty u/s 271(1)(c) of Income Tax Act Imposed.

January 19, 2018

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - whether the assessee’s application of the TNMM in the given circumstances, can be considered as done in good faith and with due diligence? - Held Yes - No penalty - AT

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Penalty u/s 271(1)(c) - whether the assessee’s application of ...

TNMM Application Deemed Diligent; No Penalty u/s 271(1)(c) of Income Tax Act Imposed.

January 19, 2018

Case Laws Income Tax AT

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Penalty for concealment of income Under Section 271(1) (c) - Article

MAT is paid, additions were made to regular income, penalty not levied – 115JB, 271(1)(c)

This case deals with the levy of penalties u/ss 271AAA and 271(1)(c) of the Income Tax Act in relation to various additions made to the assessee's income based on seized...

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