Levy of penalty u/s 271 (1) (c) on "estimated income” by the ...

Penalty u/s 271(1)(c) Reviewed: Must Reflect Tax Evasion from Concealed Income, Not Total Tax Chargeable.

November 17, 2021

Case Laws Income Tax HC

Levy of penalty u/s 271 (1) (c) on "estimated income” by the assessing authority - The discussion is concluded by holding that the penalty is determined on the amount of tax sought to be evaded, by the concealment of income etc.., but not on the total tax chargeable on the assessee. - HC

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Levy of penalty u/s 271 (1) (c) on "estimated income” by the ...

Penalty u/s 271(1)(c) Reviewed: Must Reflect Tax Evasion from Concealed Income, Not Total Tax Chargeable.

November 17, 2021

Case Laws Income Tax HC

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