Penalty for concealment of income under section 271(1) ( c )- ...

Supreme Court rules no penalty for income concealment u/s 271(1)(c) if taxed under Minimum Alternate Tax.

May 23, 2012

Articles Indian Laws

Penalty for concealment of income under section 271(1) ( c )- not applicable in case tax payable is imposed by way of MAT – says the Supreme Court by dismissing appeal of revenue . - Article

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Penalty for concealment of income under section 271(1) ( c )- ...

Supreme Court rules no penalty for income concealment u/s 271(1)(c) if taxed under Minimum Alternate Tax.

May 23, 2012

Articles Indian Laws

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