Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, ...

Penalty for Cash Disallowance Needs More Than Assumptions; Requires In-Depth Analysis u/s 271(1)(c.

June 23, 2020

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, holding that confirmation in respect of unsecured loan, receipt of cash and insurance commission clearly fall within the ambit of concealment is not sufficient.

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Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, ...

Penalty for Cash Disallowance Needs More Than Assumptions; Requires In-Depth Analysis u/s 271(1)(c.

June 23, 2020

Case Laws Income Tax AT

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