Penalty u/s 27(1)(c) - addition u/s 68/69 for cash deposit in ...

Penalty Quashed Due to Discrepancy Between Charge Explained and Actual Levy u/s 27(1)(c) for Income Concealment.

June 1, 2019

Case Laws Income Tax AT

Penalty u/s 27(1)(c) - addition u/s 68/69 for cash deposit in bank account - penalty has been initiated on the charge of furnishing inaccurate particulars, but Ld.AO levied penalty on concealment of income - assessee was asked to explain penalty on one count whereas levy has been on other count - itself sufficient for quashing of penalty

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Penalty u/s 27(1)(c) - addition u/s 68/69 for cash deposit in ...

Penalty Quashed Due to Discrepancy Between Charge Explained and Actual Levy u/s 27(1)(c) for Income Concealment.

June 1, 2019

Case Laws Income Tax AT

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