#section 271(1)(c)
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Income Tax
Income Tax
If Quantum Appeal admitted by Court, penalty proceedings u/s 271(1)(C ) may be kept in abeyance till decision of Court on merits
Income Tax
Income Tax
No penalty for bona fide,inadvertent human error / Silly mistake – SC
Income Tax
Income Tax
NPA norms of RBI are not binding on tax authorities
Income Tax
Income Tax
Immunity under clause (2) of Expl. 5 to Sec 271(1)(c) available even if tax not paid by due date of ROI
Income Tax
Income Tax
Non or Inaccurate Submission of Assets bills makes Assessee liable to penalty u/s. 271(1)(c)
Income Tax
Income Tax
No penalty for Concealment if AO accepts Income Returned u/s. 153A
Income Tax
Income Tax
Return Filed belated cannot be revised U/s. 139(5)
Income Tax
Income Tax
If no information given in return found to be incorrect / inaccurate, the assessee cannot be held guilty of furnishing inaccurate particulars
Income Tax
Income Tax
To impose Penalty u/s. 271(1)(c) receipt of amount in dispute must constitutes income of assessee
Income Tax
Income Tax
Penalty for concealment of income cannot be imposed for Mere disallowance of expenses
Income Tax
Income Tax
No Penalty if wrong claim caused by bona fide mistake
Income Tax
Income Tax
Gain from foreign exchange fluctuation eligible for deduction u/s 80HHC
Income Tax
Income Tax
S. 271(1)(c) Ignorance of law can be valid excuse for non resident
Income Tax
Income Tax
Penalty cannot be levied automatically for mere transfer pricing adjustment
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.
