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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Penalty u/s 271(1)(c) - escapement of income come to notice in ...

Case Laws     Income Tax

June 10, 2019

Penalty u/s 271(1)(c) - escapement of income come to notice in different year assessment proceedings - the assessee has duly submitted the revised return before the issue of notice u/s. 148 - assessment has been made on the basis of sums already declared - the assessee cannot be said to have acted contumacious manner so as to warrant levy of penalty

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