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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Penalty u/s. 271(1)(c) - Difference of opinion between the AO ...


No Penalty Imposed Despite Dispute Over Income Classification u/s 271(1)(c) of Income Tax Act.

March 6, 2019

Case Laws     Income Tax     AT

Penalty u/s. 271(1)(c) - Difference of opinion between the AO and the assessee about head of income under which ‘Particular Item’ is to be ‘assessed’ was and would remain a bone of contention between the AO and the assessee. - No penalty.

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