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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Penalty u/s 271(1)(c) - tax payable as per the MAT u/s 115JB - ...


No Penalty u/s 271(1)(c) for Tax Calculated via Minimum Alternate Tax (MAT) as per Section 115JB.

April 8, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - tax payable as per the MAT u/s 115JB - no penalty imposable under normal provision when the tax liability has been fastened on the assessee under the special provisions of Section 115JB

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