Penalty levied u/s 271(1)(c) - the assessee has given reasonable ...

Case Laws Income Tax

August 2, 2021

Penalty levied u/s 271(1)(c) - the assessee has given reasonable and plausible explanation that the accountant has committed mistake while preparing the accounts as the credit note sent by the sundry creditor was not came to his notice and there was attempt for tax evasion as the assessee suffered loss. In our view it was sufficient explanation and reasonable within the scope of section 273B of the Income tax Act. - AT

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Penalty levied u/s 271(1)(c) - the assessee has given reasonable ...

Case Laws Income Tax

August 2, 2021

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