#Penalty for Concealment of Income
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353 articlesIncome Tax
Income Tax
Penalty u/s 271(1)(c) on highly debatable issue is unsustainable
Income Tax
Income Tax
Section 271(1)(c) penalty not Leviable on Deletion of Quantum Addition
Income Tax
Income Tax
Penalty cannot be imposed on additions purely based on estimation of income
Income Tax
Income Tax
Penalty u/s 271(1)(c) not leviable as deduction claimed under bonafide belief
Income Tax
Income Tax
Section 271(1)(c) Penalty not sustainable if notice is vague & ambiguous
Income Tax
Income Tax
Penalty u/s 271(1)(c) up to 100% of tax evaded justified in case of excess stock found during survey
Income Tax
Income Tax
Penalty Notice without Striking Off Irrelevant Limb is defective notice
Income Tax
Income Tax
Section 271(1)(c) penalty cannot be levied if ITAT deletes quantum addition
Income Tax
Income Tax
Section 271(1)(c) Penalty cannot be levied without issuing proper SCN
Income Tax
Income Tax
ITAT deletes penalty on estimated addition for alleged bogus purchases
Income Tax
Income Tax
Vague Penalty Notice Invalidates Proceedings under section 271(1)(c)
Income Tax
Income Tax
No section 271(1)(c) penalty when Sustainability of Addition is debatable
Income Tax
Income Tax
Non-specification of limb of notice render section 271(1)(c) penalty proceedings invalid
Income Tax
Income Tax
