Levying the penalty u/s.271(1)(c) - Just for making wrong claims ...

No Penalty for Incorrect Tax Claims u/s 271(1)(c) Due to Lack of Findings on Concealment or Inaccuracy.

June 15, 2021

Case Laws Income Tax AT

Levying the penalty u/s.271(1)(c) - Just for making wrong claims made advertently or inadvertently, therefore, penalty cannot be levied u/s.271(1)(c) of the Act and further the Lower Authorities have not given any findings regarding either “concealment of income” or “furnishing of inaccurate particulars of income” by the assessee. We are of the considered view, this is not a fit case for imposing penalty - AT

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Levying the penalty u/s.271(1)(c) - Just for making wrong claims ...

No Penalty for Incorrect Tax Claims u/s 271(1)(c) Due to Lack of Findings on Concealment or Inaccuracy.

June 15, 2021

Case Laws Income Tax AT

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