#section 271(1)(c)
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1,640 articlesIncome Tax

Income Tax
No penalty on Sania Mirza as income not offered to tax was due to bona fide mistake
Income Tax

Income Tax
If assessee failes to furnish the complete facts relating to the claim before the Assessing Officer then penalty u/s. 271(1)(c) can be imposed
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Section 271(1)(c) – CA’s Opinion Does Not Make Claim Bona Fide
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No Penalty under section 271(1)(c) Despite Surrender After Detection
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Income Tax
No penalty for inadvertent reporting of income if assessee establish bonafide and innocence
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Despite voluntary surrunder penalty u/s 271(1)(c) is justified if surrunder made after incriminating material is found
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Penalty for concealment can be levied if assessee acted in contumacious manner
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While deciding penalty appeal, it is open to the Tribunal to look into the transaction to see as to whether the claim was bona fide or it was bogus and result of falsehood
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No Penalty for Claim based on consultants advice when two views were possible
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Income Tax
Penalty for concealment of Income not leviable for Voluntary disclosure without detection by dept.
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Penalty cannot be imposed without AO’s Finding on ‘Inaccurate Particulars’
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Income Tax
Penalty U/s. 271(1)(c) on CA Firm for Concealment of Income
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Penalty for inadmissibility of legal claim not justified
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Income Tax
