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
View Source