Penalty u/s 271(1)(c) - assessment proceeding u/s 153A - Nothing ...

Case Laws Income Tax

September 16, 2020

Penalty u/s 271(1)(c) - assessment proceeding u/s 153A - Nothing on record which suggests that any document/ material/ information was found during the course of search which remotely indicate that the assessee is recipient of short term capital gain on sale of immovable property. - None of the conditions specified in Explanation 5A to Section 271(1)( c) of the Act are attracted - No penalty - AT

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Penalty u/s 271(1)(c) - assessment proceeding u/s 153A - Nothing ...

Case Laws Income Tax

September 16, 2020

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