#section 271(1)(c)
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Income Tax
Income Tax
Penalty imposed on Assessee based on his own admission cannot be deleted on the basis of a plea which is merely an afterthought
Income Tax
Income Tax
S. 271(1)(c) Admission of quantum appeal by HC shows that issue is debatable
Income Tax
Income Tax
No penalty can be levied on admission of appeal by High Court
Income Tax
Income Tax
No Penalty for mere reduction in deduction claimed
Income Tax
Income Tax
Surrender of income to buy peace of mind is plausible explanation to avoid penalty for concealment
Income Tax
Income Tax
Mere filing of return u/s. sec. 153A not sufficient to escape penalty for concealment
Income Tax
Income Tax
Penalty justified for claim of depreciation on asset not used in business
Income Tax
Income Tax
Evan after addition if there is a loss penalty could be imposed
Income Tax
Income Tax
Penalty justified on income Surrendered during survey without explanation
Income Tax
Income Tax
S. 271(1)(c) No cannot be imposed if despite addition tax effect not changes
Income Tax
Income Tax
Penalty procedding must be kept in abeyance till disposal of quantum appeal by first appellate authority
Income Tax
Income Tax
Penalty to be set aside if revenue accepts that Assessee is eligible for immunity u/s. 271(1)(c) although he is not eligible
Income Tax
Income Tax
In the absence of finding by AO Regarding Mis-statement / Non Disclosure, penalty order not justified
Income Tax
Income Tax
No penalty if assessee raised a bona fide claim of ‘provision for bad debts’
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.
