#section 271(1)(c)
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Addition u/s. 69 against unexplained investment sustained in absence of sufficient evidences: ITAT Raipur

Section 271(1)(c) penalty unjustified on estimated addition to income

Reassessment was quashed on cash deposits due to AO’s vague reasoning and non-application of mind

No addition u/s 68 as taxpayer did not maintain books of accounts

Addition @ 20% was upheld on account of alleged bogus purchases and unverified sellers

Matter remanded as TP adjustment could not be at ‘NIL’ as determined by TPO

Holding company can rework value of investment held in subsidiary company: ITAT Delhi

Penalty u/s. 271(1)(c) imposable as deduction claimed by furnishing inaccurate particulars: ITAT Ahmedabad

Exemption u/s. 10(38) disallowed as sale of share was an affair to convert unaccounted money: ITAT Ahmedabad

Restriction of addition towards unexplained cash credit by CIT(A) upheld: ITAT Ahmedabad

No penalty u/s 271(1)(c) as mere claim isn’t furnishing inaccurate income particulars

Section 271(1)(c) Penalty Notice Issued After Assessment Order is Invalid: ITAT Chennai

No Penalty on Trust for Bona Fide Error of claiming building construction expenses

Due to short gap between three notices CIT(A) directed to give one more opportunity of being heard
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.
