Levy of penalty u/s 271(1)(c) - forex loss was claimed as ...

Inadvertent Forex Loss Claim Not Concealment: No Penalty u/s 271(1)(c) of Income Tax Act.

February 19, 2020

Case Laws Income Tax AT

Levy of penalty u/s 271(1)(c) - forex loss was claimed as revenue expenditure - inadvertent claim of expenditure would not, ipso facto, amount to concealment of income or furnishing of inaccurate particulars of income to levy penalty u/ 271(1)(c) - AT

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Levy of penalty u/s 271(1)(c) - forex loss was claimed as ...

Inadvertent Forex Loss Claim Not Concealment: No Penalty u/s 271(1)(c) of Income Tax Act.

February 19, 2020

Case Laws Income Tax AT

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