Penalty u/s 271(1)(c) - As against the assessee’s stand of ...

Tribunal Declines Penalty u/s 271(1)(c) of Income Tax Act; Allows Deduction as Cost of Improvement in Capital Gains.

June 2, 2018

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - As against the assessee’s stand of claiming such amount as a revenue expenditure, the Tribunal has adopted another route of allowing such deduction in the computation of capital gain by treating it as cost of improvement. These facts do not warrant imposition of penalty

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Penalty u/s 271(1)(c) - As against the assessee’s stand of ...

Tribunal Declines Penalty u/s 271(1)(c) of Income Tax Act; Allows Deduction as Cost of Improvement in Capital Gains.

June 2, 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)

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