Penalty u/s 271(1)(c) - return filed disclosing higher income ...

Case Laws Income Tax

July 31, 2019

Penalty u/s 271(1)(c) - return filed disclosing higher income u/s 153A - no incriminating material found - when the Revenue could not lay hands on any tangible material except conditional and tacit averments, which confession in itself is seen to be non-admission of any ingenuity - no hesitation to hold that such confession u/s 139(4) cannot be the basis for imposition of onerous penalty

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Penalty u/s 271(1)(c) - return filed disclosing higher income ...

Case Laws Income Tax

July 31, 2019

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