#section 271(1)(c)
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Income Tax
Income Tax
No concealment penalty for exemption claimed by Assessee based on certificate issued by department
Income Tax
Income Tax
Making incorrect claim in law not amounts to furnishing inaccurate particulars
Income Tax
Income Tax
Mere CA’s opinion cannot absolve assessee from penalty u/s 271(1)(c)
Income Tax
Income Tax
Mere taking of a claim, which is not sustainable in law, will not amount to furnishing inaccurate particulars
Income Tax
Income Tax
Penalty cannot be levied on the basis of deeming provision
Income Tax
Income Tax
No penalty if assessee not concealed any material fact or any factual information given not been found to be incorrect
Income Tax
Income Tax
If addition itself Set aside, there cannot be penalty for concealment
Income Tax
Income Tax
Penalty u/s. 271(1)(c) cannot be imposed on a debatable issue
Income Tax
Income Tax
No Penalty on Income surrendered with condition that no penal action shall be taken
Income Tax
Income Tax
Despite concealment Penalty U/s. 271(1)(c) can not be imposed if book profits assessed U/s. 115JB
Income Tax
Income Tax
Mere erroneous claim is no ground for levying penalty
Income Tax
Income Tax
Mere Disallowance of Expense not a ground to proceed u/s 271(1)(c)
Income Tax
Income Tax
Return is only document where assessee can furnish his income details
Income Tax
Income Tax
No penalty in absence of finding that return filed is incorrect or erroneous or false
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.
