Penalty levied u/s 271(1)(c) - disallowance of the deduction ...

Case Laws Income Tax

July 29, 2021

Penalty levied u/s 271(1)(c) - disallowance of the deduction claimed by the assessee u/s 35 - AO has not brought out his case as to why penalty u/s.271(1)(c) of the Act should be levied for filing inaccurate particulars of income in the case of the assessee. Merely not challenging the additions made in the assessment order in an appeal, cannot be the ground for imposing penalty u/s.271(1)(c) of the Act. - AT

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Penalty levied u/s 271(1)(c) - disallowance of the deduction ...

Case Laws Income Tax

July 29, 2021

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