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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Penalty u/s 271(1)(c) - quantum addition upheld up to High Court ...

Case Laws     Income Tax

April 2, 2019

Penalty u/s 271(1)(c) - quantum addition upheld up to High Court - SLP admitted - Evidences and arguments placed by assessee shows that claim was made disclosing the complete facts in its return of income putting notes in the computation of total income, corroborating it with its balance sheet, supporting it with judicial precedents - mere rejection of the claim of the assessee cannot be invited with the penalty

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