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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Penalty u/s 271(1)(c) - The satisfaction of the Assessing ...


Assessing Officer must specify if penalty u/s 271(1)(c) is for income concealment or inaccuracy.

March 27, 2018

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) - The satisfaction of the Assessing Officer at the time of initiation of penalty proceedings, must indicate which of the two i.e. concealment of particulars of income or furnishing inaccurate particulars of income applies to the facts of this case or in the alternative, it must indicate that both apply to the facts of the case - HC

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