Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing ...

March 18, 2019

Case Laws Income Tax AT

Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has invoked both the charges of section 271(1)(c) - ambiguity and vagueness in the mind of Assessing Officer while recording satisfaction - at the time of levy of penalty, the Assessing Officer stick to only one charge i.e. concealment of income - penalty deleted

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Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing ...

March 18, 2019

Case Laws Income Tax AT

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