Penalty u/s 271(1)(c) - The assessee was under mistaken belief ...

No Penalty for Assessee: Sale of Agricultural Land Excluded from Capital Gains Tax u/s 271(1)(c.

April 3, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - The assessee was under mistaken belief that land sold being agricultural land is not susceptible to tax - since the assessee has demonstrated that the bonafide circumstances existed for non-inclusion of the capital gains, no penalty is leviable

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Penalty u/s 271(1)(c) - The assessee was under mistaken belief ...

No Penalty for Assessee: Sale of Agricultural Land Excluded from Capital Gains Tax u/s 271(1)(c.

April 3, 2019

Case Laws Income Tax AT

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