Penalty U/s 271(1)(c) - definite charge - as regards the ...

Penalty Upheld u/s 271(1)(c) of Income Tax Act for Inaccurate Income Details and Concealment by Assessing Officer.

June 20, 2019

Case Laws Income Tax AT

Penalty U/s 271(1)(c) - definite charge - as regards the certainty of charge is concern, since the penalty was initiated in respect of all three additions made by the AO out of which some additions fall in the category of furnishing of inaccurate particulars of income and other one falls in the category of concealment of particulars of income - Therefore, the question of definite charge does not arise - penalty sustained

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Penalty U/s 271(1)(c) - definite charge - as regards the ...

Penalty Upheld u/s 271(1)(c) of Income Tax Act for Inaccurate Income Details and Concealment by Assessing Officer.

June 20, 2019

Case Laws Income Tax AT

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Penalty for concealment of income Under Section 271(1) (c) - Article

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Levy of penalty u/s. 271(1)(c) - Addition of LTCG - Assessing Officer while recording satisfaction has invoked both the charges of section 271(1)(c) - ambiguity and...

Penalty u/s 271(1)(c) was levied by the Assessing Officer solely based on the order of the Income Tax Settlement Commission withdrawing immunity from penalty and...

The Appellate Tribunal addressed the issue of penalty u/s 271(1)(c) concerning the correct classification of income. The Assessing Officer treated the income as 'income...

Penalty u/s 271(1)(c) - additional income was declared in survey u/s 133A - date of filing of return u/s 139(1) had not expired - The fact of “concealment of income” and...

Penalty u/s 271(1)(c) - Penalty order did not specify the particular limb under which penalty u/s 271(1)(c) is levied. AO has not specified that penalty is either levied...

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