#section 271(1)(c)
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Income Tax
Income Tax
Without purchases there cannot be sales – Mumbai ITAT rejects 100% bogus purchase addition
Income Tax
Income Tax
Mumbai ITAT quashes reassessment for AY 2015-16 – AO’s “artificial inflation” of escaped income held legally unsustainable
Income Tax
Income Tax
No addition for “bogus purchases” when assessee already declared higher GP – Mumbai ITAT grants major relief to diamond trader
Income Tax
Income Tax
ITAT Deletes Section 271D Penalty as Cash Sale Consideration Is Not Covered by Section 269SS
Income Tax
Income Tax
Section 271(1)(c) Penalty deleted Due to Bona Fide Claim on Lease Premium Deduction
Income Tax
Income Tax
Section 271(1)(c) Penalty Cannot Be Imposed for Valuation Differences Without Proof of Inaccuracy: SC
Income Tax
Income Tax
Income Tax: Madras HC Orders Fresh Review Due to Ignored Remand Report Evidence
Income Tax
Income Tax
SC Dismisses Penalty as Capital vs Revenue Receipt Issue Held Debatable
Income Tax
Income Tax
P&H HC Deleted Penalty as Subsidy Classification Held Debatable Issue
Income Tax
Income Tax
Bombay HC Quashes Section 270A Penalty Due to Absence of Under-Reported Income
Income Tax
Income Tax
ITAT Quashes Section 271(1)(c Penalty as Unsigned SCN Held Void in Law
Income Tax
Income Tax
Penalty U/s 270A Quashed – Failure to Specify ‘Misreporting Limb’ in Notice Held Fatal
Income Tax
Income Tax
Penalty on Share Premium Valuation Deleted – Bona Fide Claim Not Concealment
Income Tax
Income Tax
ITAT Mumbai: Penalty Not Automatic on Disallowances – Major Relief in Depreciation Expense Claims
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.
