#section 271(1)(c)
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Income Tax
Income Tax
Section 271(1)(c): No Penalty for Section 50C addition unless concealment proved
Income Tax
Income Tax
Show-cause notice u/s 274 without application of mind is void
Income Tax
Income Tax
Penalty cannot be imposed in respect of income surrendered without linking to incriminating documents
Income Tax
Income Tax
No Penalty when Quantum addition itself not sustained; No Statutory Obligation to follow FIFO Method for Stock Valuation
Income Tax
Income Tax
Penalty notice without specifying that it is for ‘furnishing of inaccurate particulars of income’ or for ‘concealment of income’ is fatal
Income Tax
Income Tax
SC decision on Omission to explain reason for penalty proceedings
Income Tax
Income Tax
Penalty U/s. 271(1)(c) without finding of AO not justified
Income Tax
Income Tax
Penalty only on Disproved claim of expenditure & not unproved
Income Tax
Income Tax
No penalty where assessee relied on professional opinion & there is no tax impact
Income Tax
Income Tax
Retrospective amendment in expl. 5A to Sec 271(1)(c) not applicable if original return filed before Finance Act comes into force
Income Tax
Income Tax
No penalty for not declaring STCG due to bonafide mistake/clerical error
Income Tax
Income Tax
Non mention of specific ground in penalty notice U/s. 274 makes it defective
Income Tax
Income Tax
S. 274 notice must specify if its for concealment or for incorrect particulars
Income Tax
Income Tax
Incorrect claim based on CA report won’t attract penalty
Explore the latest section 271(1)(c) updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
