Penalty u/s 271(1)(c) - Necessity of recording satisfaction - AO ...

AO Must Clearly Differentiate Between Concealment and Inaccurate Income Details for Penalty u/s 271(1)(c) of IT Act.

April 24, 2023

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - Necessity of recording satisfaction - AO Statement that the assessee has consciously made the concealment by furnishing inaccurate particulars of his income is very vague and mixing up both the default of concealment as well as furnishing inaccurate particulars of income. - AT

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Penalty u/s 271(1)(c) - Necessity of recording satisfaction - AO ...

AO Must Clearly Differentiate Between Concealment and Inaccurate Income Details for Penalty u/s 271(1)(c) of IT Act.

April 24, 2023

Case Laws Income Tax AT

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