Levy of penalty u/s 271(1)(c) - non-disclosure of interest ...
Penalty u/s 271(1)(c) Not Imposed Due to Non-Deliberate Non-Disclosure of Interest Income by Taxpayer.
August 26, 2019
Case Laws Income Tax AT
Levy of penalty u/s 271(1)(c) - non-disclosure of interest income was not deliberate rather banker of the assessee reported it belatedly - when the income was duly offered in the next year even before the initiation of assessment proceedings - no penalty
View Source