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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Penalty u/s 271(1)(c) - whether failure to disclose income by ...


Failure to Disclose Project Income Not Considered Concealment u/s 271(1)(c) of Income Tax Act; No Penalty Imposed.

September 25, 2019

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) - whether failure to disclose income by the Assessee when the project is complete would amount to furnishing inaccurate particulars of income thereby resulting in concealment of the income by the Assessee? - HELD NO.

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