Penalty u/s 271(1)(c) - There cannot be a penalty merely on the ...

Case Laws Income Tax

September 1, 2020

Penalty u/s 271(1)(c) - There cannot be a penalty merely on the basis that the assessee has disclosed income after receiving the notice from the ADIT and the income was accepted during survey proceedings - No incriminating documents discovered during the course of survey at the premises of the assessee. Similarly, the additional income offered by the assessee in return filed in response to notice under section 148 of the Act admitted as it is by the AO. - No penalty - AT

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Penalty u/s 271(1)(c) - There cannot be a penalty merely on the ...

Case Laws Income Tax

September 1, 2020

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