#section 271(1)(c)
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No Section 271(1)(c) penalty for failure to disallow u/s 14A

Despite detection in survey, No penalty U/s. 271(1)(c)

No Penalty for Failure to Offer Income u/s 50C

Penalty applicable in case of failure to disclose fully or truly all particulars of income

Penalty attracted If claim made by assessee besides being incorrect in law and malafide

Making wrong claim is not concealment or furnishing of inaccurate information

Ingredient about a bona fide claim is that assessee should be able to show or prove some intermediate steps in whole process of transaction

Mere making a claim which is incorrect in law not amounts to giving inaccurate particulars

Concealment penalty cannot be imposed merely on ground that Tribunal disallowed the expenditure

Mere non acceptance of Assessees Legal Claim will not amount to furnishing of inaccurate particulars of income

Penalty on alleged gifts received by minor sons of assessee which are finally transferred to assessee

Penalty U/S 271(1)(c) Not Leviable Without Statutory Provision: Delhi HC

No Penalty for bonafide difference of opinion in selection of transfer pricing method

Penalty will not ordinarily be imposed unless the party obliged either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest, or acted in conscious disregard of its obligation
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.
