Levy of penalty u/s 271(1)(c) - Minor differences in estimation ...

No Penalty for Minor Estimation Errors u/s 271(1)(c) if Valuation Methodology is Unchallenged.

November 10, 2018

Case Laws Income Tax AT

Levy of penalty u/s 271(1)(c) - Minor differences in estimation and consequent valuation are but natural and so long as fundamental methodology so adopted by the valuation officer are not disputed, such minor differences in valuation cannot form the basis for levy of penalty

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Levy of penalty u/s 271(1)(c) - Minor differences in estimation ...

No Penalty for Minor Estimation Errors u/s 271(1)(c) if Valuation Methodology is Unchallenged.

November 10, 2018

Case Laws Income Tax AT

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