#section 271(1)(c)
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Income Tax
Income Tax
No penalty on income surrendered in survey proceedings which was disclosed in return of Income
Income Tax
Income Tax
No penalty for wrong claim of depreciation , if claim was bona fide
Income Tax
Income Tax
No Penalty if Assessee voluntarily & bona fidely declare its income
Income Tax
Income Tax
No penalty if wrong claim is due to mistake/ wrong advice of CA
Income Tax
Income Tax
No penalty for concealment of Income on additions based on estimation of income
Income Tax
Income Tax
Penalty for concealment of Income cannot be imposed if assessees explanation found bonafide
Income Tax
Income Tax
Penalty cannot be imposed for addition made in respect of Bona fide claims
Income Tax
Income Tax
Mere Rejection of quantum appeal not valid ground for imposition of penalty for concealment
Income Tax
Income Tax
Imposition of penalty based on estimation of income not justified
Income Tax
Income Tax
Penalty shall not be imposed if income not offered to tax due to unintentional mistake
Income Tax
Income Tax
Penalty not imposable for bonafide claims which gets disallowed
Income Tax
Income Tax
Concealment penalty not justified if AO fails to prove that assessee furnished inaccurate particulars of income
Income Tax
Income Tax
Penalty not justified on income, taxability of which was debatable
Income Tax
Income Tax
Every instance of addition does not ipso facto led to a conclusion that assessee is guilty of concealment
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.
