Penalty u/s 271(1)(c) - AO directed to call for record of the ...

Case Laws Income Tax

January 16, 2020

Penalty u/s 271(1)(c) - AO directed to call for record of the alleged agricultural land and find out whether it was an agricultural land not falling within the ambit of expression “capital asset” provided in Section 2(14) of the Income-tax Act. In case it is found that it was not a capital asset, then the assessee will not be visited with penalty

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Penalty u/s 271(1)(c) - AO directed to call for record of the ...

Case Laws Income Tax

January 16, 2020

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