Penalty u/s 271 (1)(c) - unsecured loan treated as unexplained ...
Case Laws Income Tax
April 8, 2020
Penalty u/s 271 (1)(c) - unsecured loan treated as unexplained cash credit u/s 68 - the assessee cannot get the benefit of immunity from the penalty merely there was no specific charge in the penalty notice issued under section 274 of the Act or in the assessment order - AT
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