#section 271(1)(c)
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No Penalty on additions sustained on alleged Bogus Purchase for mere non-production of parties

No Penalty u/s 271(1)(c) if advance tax paid on undisclosed income

Penalty cannot be imposed for mere non acceptance of evidences during Quantum Assessment

No Penalty for Doubtful addition U/s. 41(1) of Income Tax Act, 1961

Sec. 271(1)(c) No Penalty for addition U/s. 50C if Assessee furnishes all details

Specific Concealment of Income has to be established for levy of Penalty

Penalty u/s 271(1)( c) justified in case of deliberate false claim of exemption in ROI

Bonafide mistake in Disclosure of income under wrong head – No penalty u/s 271(1)( c)

No Penalty for disallowance based on accurate particulars submitted during scrutiny

Penalty u/s 271(1)(c) cannot be levied when returned income is accepted as it is

Mere voluntary disclosure after survey proceedings cannot tantamount to bonafide action

Notice u/s 274 should specify Grounds of Imposition of Penalty

No Penalty could be levied u/s 271(1)(c) if only advance is received and no actual sale is made

Penalty cannot be imposed for mere non acceptance of claim made by Assessee
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.
