Penalty u/s 271(1)(c) - loss on sale of shares - change in head ...
Penalty u/s 271(1)(c) Overturned: Income Reclassification Not Inaccurate or Suppressive, No Penalty Imposed.
December 22, 2018
Case Laws Income Tax AT
Penalty u/s 271(1)(c) - loss on sale of shares - change in head of income by AO - merely change of head of income cannot characterize furnishing inaccurate particulars or suppression of facts - No penalty.
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