Levy of penalty u/s.271(1)(c) - bogus purchases - AO has not ...

Penalty for Bogus Purchases u/s 271(1)(c) Challenged Due to Lack of Specific Justification by Assessing Officer.

August 21, 2019

Case Laws Income Tax AT

Levy of penalty u/s.271(1)(c) - bogus purchases - AO has not brought out any cogent specific reason for imposing penalty - Penalty cannot be levied on assumption, there has to be something more which can justify such levy of penalty

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Levy of penalty u/s.271(1)(c) - bogus purchases - AO has not ...

Penalty for Bogus Purchases u/s 271(1)(c) Challenged Due to Lack of Specific Justification by Assessing Officer.

August 21, 2019

Case Laws Income Tax AT

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