Penalty u/s 271(1)(c) - against quantum disallowance upheld by ...

High Court upholds penalty u/s 271(1)(c); SLP pending. Supreme Court's special leave only for exceptional cases.

June 19, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - against quantum disallowance upheld by HC, SLP is pending - Special leave to appeal is granted by Hon’ble Apex Court in rarest of rare case, hence when issue as to the disallowance of deduction claimed by the assessee u/s 80P is pending adjudication, the assessee cannot be fastened with the liability for concealment of income or furnishing of inaccurate particulars of income u/s 27(1)(c)

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Penalty u/s 271(1)(c) - against quantum disallowance upheld by ...

High Court upholds penalty u/s 271(1)(c); SLP pending. Supreme Court's special leave only for exceptional cases.

June 19, 2019

Case Laws Income Tax AT

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