Penalty u/s 271(1)(c) - Merely because an addition is made by ...

Doubting Loan Capacity Doesn't Justify Penalty u/s 271(1)(c) of Income Tax Act: Belief Alone Isn't Enough.

January 16, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Merely because an addition is made by disbelieving her capacity to lend the loan.Such a fact, ipso facto, does not lead to the levy of penalty.

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Penalty u/s 271(1)(c) - Merely because an addition is made by ...

Doubting Loan Capacity Doesn't Justify Penalty u/s 271(1)(c) of Income Tax Act: Belief Alone Isn't Enough.

January 16, 2019

Case Laws Income Tax AT

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