#section 271(1)(c)
Log in to FollowLatest section 271(1)(c) updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.
Income Tax
Income Tax
No concealment of income by the assessee if addition is merely based on deeming provision of sec 50C
Income Tax
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
Income Tax
Income Tax
Penalty u/s 271(1)(C) not leviable if substantial question of law exists
Income Tax
Income Tax
Penalty u/s 271(1)(c) leviable for failure to prove genuineness of exemption u/s 54
Income Tax
Income Tax
No malafide intention no penalty
Income Tax
Income Tax
Voluntarily surrender of income can’t escape penalty if assessee deliberately not shown unaccounted income in return
Income Tax
Income Tax
TP adjustment for intra group services not sustainable where receipt of services & its benefits are beyond any doubt
Income Tax
Income Tax
Revised return with same info is furnishing of inaccurate particulars
Income Tax
Income Tax
Levy of Penalty & Factors affecting Levy of Penalty including Nature of Offence, Mens Rea & Bona fide belief
Income Tax
Income Tax
Penalty Proceedings can’t be initiated in the Absence of Proper Investigation
Income Tax
Income Tax
If assessee admits undisclosed income, substantiate manner & paid taxes on undisclosed income no penalty u/s 271AAA can be levied
Income Tax
Income Tax
Penalty u/s 271(1)(c) in search assessment is tenable only if some incriminating material found during search
Income Tax
Income Tax
271(1)(c) : Penalty can be imposed on undisclosed bank accounts based on peak credits theory
Income Tax
Income Tax
271(1)(c) : Penalty cannot be imposed merely because assessee didn’t objected to addition
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.
