Penalty u/s 271(1)(c) – merely making a wrong claim in the ...

No penalty for incorrect tax claim u/s 271(1)(c); not considered inaccurate particulars or income concealment.

September 10, 2012

Case Laws Income Tax AT

Penalty u/s 271(1)(c) – merely making a wrong claim in the return of income cannot a ground for imposing penalty u/s 271(1)(c) of the Act as it neither amounts to furnishing inaccurate particulars nor amounts to concealment of income. - AT

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Penalty u/s 271(1)(c) – merely making a wrong claim in the ...

No penalty for incorrect tax claim u/s 271(1)(c); not considered inaccurate particulars or income concealment.

September 10, 2012

Case Laws Income Tax AT

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