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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

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

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