#Penalty for Concealment of Income
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347 articlesIncome Tax
Income Tax
Penalty U/S 271(1)(c) Not Leviable Without Statutory Provision: Delhi HC
Income Tax
Income Tax
Penalty: Welcome judgement from Hon’ble Supreme Court
Income Tax
Income Tax
Making unsustainable claims do not amount to furnishing inaccurate particulars and Penalty u/s. 271 (1) (c) cannot be imposed
Income Tax
Income Tax
Mere making of a claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars
Income Tax
Income Tax
If Assessee fails to offer an explanation or offers a false/unsatisfactory explanation then penalty will be leviable for concealment of income
Income Tax
Income Tax
Analysis of union budget 2009 provisions related to income disclosed during survey and penalty under section 271(1)(c) of the Income Tax Act, 1961
Income Tax
Income Tax
Mere enquiry about any loan/gift does not tantamount to detection of concealment of income
Income Tax
Income Tax
A.O. must have some definite evidence to refuse the assessee’s claim or evidence or explanation
Income Tax
Income Tax
Penalty can not be imposed where the controversy is regarding the legality of the claim made by the assessee: SC
Income Tax
Income Tax
Merely because an addition is made to the income declared by the assessee, penalty u/s. 271(1)(c) cannot be imposed
Income Tax
Income Tax
