#section 271(1)(c)
Log in to FollowLatest section 271(1)(c) updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

Penalty U/s. 271(1)(c) on CA Firm for Concealment of Income

Penalty for inadmissibility of legal claim not justified

If two views possible than AO should take the one favourable to Assessee

Penalty imposable on Income declared in revised return filed after detection of concealment

Claiming of deduction with full disclosure on a debatable issue while filing ROI, penalty not warranted

Submitting inaccurate claim would not amount to giving inaccurate particulars, Penalty can not be imposed U/s. 271(1)(c)

Penalty attracted on Bank Interest not disclosed in Return despite non claim of TDS

No penalty on taxation of ESOP when only CBDT Circular was there on its taxation

Penalty can be levied for Non Furnishing of correct particulars of income

Penalty cannot be imposed merely for non allowance of deduction

Penalty on Disclosure of undisclosed income in revised return to buy peace

No penalty If facts clearly disclosed in Income Tax Return

No Penalty for mere making of a claim which is not sustainable

S. 94 Adjustment of Loss on sale of mutual fund against profit on sale of short term investments- Penalty can be levied
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.
