#section 271(1)(c)
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1,640 articlesIncome Tax
Income Tax
No Penalty for Doubtful addition U/s. 41(1) of Income Tax Act, 1961
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Income Tax
Sec. 271(1)(c) No Penalty for addition U/s. 50C if Assessee furnishes all details
Income Tax
Income Tax
Specific Concealment of Income has to be established for levy of Penalty
Income Tax
Income Tax
Penalty u/s 271(1)( c) justified in case of deliberate false claim of exemption in ROI
Income Tax
Income Tax
Bonafide mistake in Disclosure of income under wrong head – No penalty u/s 271(1)( c)
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Income Tax
No Penalty for disallowance based on accurate particulars submitted during scrutiny
Income Tax
Income Tax
Penalty u/s 271(1)(c) cannot be levied when returned income is accepted as it is
Income Tax
Income Tax
Mere voluntary disclosure after survey proceedings cannot tantamount to bonafide action
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Income Tax
Notice u/s 274 should specify Grounds of Imposition of Penalty
Income Tax
Income Tax
No Penalty could be levied u/s 271(1)(c) if only advance is received and no actual sale is made
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Penalty cannot be imposed for mere non acceptance of claim made by Assessee
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Income Tax
No concealment of income by the assessee if addition is merely based on deeming provision of sec 50C
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Income Tax
No penalty u/s 271(1)(C), when the taxable income and tax remains the same after adjusting the addition due to concealment
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Income Tax
