Penalty u/s 271(1)(c) of the Act is liable to be imposed only ...

Case Laws Income Tax

July 23, 2021

Penalty u/s 271(1)(c) of the Act is liable to be imposed only where the assessee has concealed its particulars of income or furnished inaccurate particulars. Action of making addition on ad–hoc basis does not result into imposition of penalty u/s 271(1)(c) of the Act and hence cannot be termed as either concealment or furnishing of inaccurate particulars of income. - AT

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Penalty u/s 271(1)(c) of the Act is liable to be imposed only ...

Case Laws Income Tax

July 23, 2021

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