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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Levy of Penalty u/s 271G - When the penalty provision is very ...


Penalty u/s 271G of Income Tax Act Requires Caution, Applied Only When Clearly Justified Circumstances Exist.

October 9, 2012

Case Laws     Income Tax     AT

Levy of Penalty u/s 271G - When the penalty provision is very severe, it should be applied with great caution and only if circumstances sufficiently justify invoking the penal provision. - AT

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