Penalty u/s 271(1)(c) - adjustment of the Short Term Capital ...

Penalty u/s 271(1)(c) Waived for Assessee Due to Reasonable Error in Dividend Non-Disclosure and Income Adjustment.

June 2, 2022

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - adjustment of the Short Term Capital Loss (STL) with Long Term Capital Gain (LTCG) - Non-disclosure of Dividened income - Assessee voluntarily filed the revised return duly disclosing the disallowance of the dividend in terms of Section 94(7) of the Act and revised its returned income - Tribunal has observed that it was a reasonable human error which could have been committed on the part of the Respondent - No penalty - HC

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Penalty u/s 271(1)(c) - adjustment of the Short Term Capital ...

Penalty u/s 271(1)(c) Waived for Assessee Due to Reasonable Error in Dividend Non-Disclosure and Income Adjustment.

June 2, 2022

Case Laws Income Tax HC

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