Penalty u/s 271(1)(c) - there is only a change of head of income ...

Section 271(1)(c) Penalty Deleted: Tribunal Finds No Evidence of Assessee's Non-Bona Fide Claim in Income Head Change.

March 20, 2013

Case Laws Income Tax HC

Penalty u/s 271(1)(c) - there is only a change of head of income and in the absence of any facts that the claim of the assessee was not bonafide - Tribunal was correct to delete penalty - HC

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Penalty u/s 271(1)(c) - there is only a change of head of income ...

Section 271(1)(c) Penalty Deleted: Tribunal Finds No Evidence of Assessee's Non-Bona Fide Claim in Income Head Change.

March 20, 2013

Case Laws Income Tax HC

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