Penalty u/s 271(1)(c) - maximum penalty @ 300% - Defective ...
Case Laws Income Tax
September 25, 2019
Penalty u/s 271(1)(c) - maximum penalty @ 300% - Defective notice - non specification of any specific limb or clause - AO has conclusively held in the penalty order that penalty is being imposed for concealment of particular of same type of income. - penalty confirmed but reduced to 100%.
View Source