Penalty u/s 271(1)(c) - excessive retainership expenses and not ...

Penalty Upheld u/s 271(1)(c) for Unsubstantiated Expenses and Discrepancies in Income Reporting vs. Form 26AS.

December 1, 2020

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - excessive retainership expenses and not supported by the evidences and difference in the income as per TDS claimed in return of income and 26AS - Levy of penalty confirmed - AT

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Penalty u/s 271(1)(c) - excessive retainership expenses and not ...

Penalty Upheld u/s 271(1)(c) for Unsubstantiated Expenses and Discrepancies in Income Reporting vs. Form 26AS.

December 1, 2020

Case Laws Income Tax AT

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Penalty u/s 271(1)(c) - additional income was declared in survey u/s 133A - date of filing of return u/s 139(1) had not expired - The fact of “concealment of income” and...

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Levy of penalty u/s 271(1)(c) - deduction claimed u/s 80IA - there being no factual basis for establishing that the expenses needed to be allocated and the expenses so...

Penalty for concealment of income Under Section 271(1) (c) - Article

MAT is paid, additions were made to regular income, penalty not levied – 115JB, 271(1)(c)

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