Levy of penalty u/s 271(1)(c) - claiming false depreciation - ...

Case Laws Income Tax

October 5, 2018

Levy of penalty u/s 271(1)(c) - claiming false depreciation - lease transaction not to be a bonafide transaction - three authorities have concurrently held on facts against the assessee - Levy of penalty confirmed.

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Levy of penalty u/s 271(1)(c) - claiming false depreciation - ...

Case Laws Income Tax

October 5, 2018

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

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