Penalty u/s 271(1)(c) - bonafide belief - Taxability of capital ...

Case Laws Income Tax

March 15, 2019

Penalty u/s 271(1)(c) - bonafide belief - Taxability of capital gain arises on sale of land - in absence of any monetary consideration assessee was under a bonafide belief that no capital gain arises on sale of land, is acceptable and benefit of doubt can be given to the assessee - penalty deleted

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Penalty u/s 271(1)(c) - bonafide belief - Taxability of capital ...

Case Laws Income Tax

March 15, 2019

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