#section 271(1)(c)
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Income of beneficiaries cannot be treated as income in hands of trust: ITAT Ahmedabad

Matter was remanded back with respect to addition of Rs. 21.98 Lakhs as Unexplained Deposit u/s 69A

TNMM appropriate method for determining Arm’s Length Price of management fees

Order passed by CIT(A) without considering submission not sustainable: ITAT Ahmedabad

Issuance of notice mandatory before an adverse conclusion arrived in assessment order: Madras HC

Each and every addition cannot be base for levy of penalty u/s. 271(1)(c): ITAT Surat

Addition towards undisclosed receipts not sustainable since amount reconciled: ITAT Ahmedabad

Addition towards portion of expense justified since documentary evidences not produced: ITAT Delhi

Matter restored back to CIT(A) since appeal dismissed for non-prosecution: ITAT Delhi

Delay in appeal due to attachment of office sufficient cause: ITAT Surat

No addition of Rs.10 Crore u/s 271(1)(C) without specification of concealment or inaccurate particulars in SCN

Penalty u/s. 271(1)(c) not leviable in case of debatable issue: ITAT Ahmedabad

Penalty u/s. 271(1)(c)/ 271AAB imposable even on voluntary disclosure of income: ITAT Pune

RPM is most appropriate method when goods are purchased from AE and sold in same condition
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.
