Penalty u/s 271(1)(c) - Bogus purchases - no clinching material ...

Penalty u/s 271(1)(c) Invalid Due to Lack of Evidence on Alleged Bogus Purchases by Revenue Authority.

April 10, 2021

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Bogus purchases - no clinching material had been brought on record by the revenue which could disprove the authenticity of the purchases claimed by the assessee to have been made from the aforementioned parties thus, no penalty under Sec.271(1)(c) could have validly been imposed upon him. - AT

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Penalty u/s 271(1)(c) - Bogus purchases - no clinching material ...

Penalty u/s 271(1)(c) Invalid Due to Lack of Evidence on Alleged Bogus Purchases by Revenue Authority.

April 10, 2021

Case Laws Income Tax AT

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