#section 271(1)(c)
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Date of transfer of share is date of contract and not date of agreement: ITAT Mumbai

No Penalty under Section 271B if Penalty Already Levied under Section 271A

No Penalty U/s 271(1)(v) for Bona Fide Mistakes: Mumbai ITAT

ITAT allows refund of Excess Appeal Fees & deletes penalty on estimated addition

Flawed estimation of gains on silver articles & excess gold and diamond jewellery: ITAT deletes Penalty

Addition for Consignment Sales Commission Unwarranted if same duly reflected in P&L account

ITAT upholds Reassessment of Company for land acquired by it before incorporation through Directors

Revisional jurisdiction u/s 263 unjustified without any error or infirmity in assessment order: ITAT Delhi

ITAT Delhi quashes Section 271AAB Penalty for Defective Notice

Personal Expenses Treated as Income, cannot be treated as Loan for Section 269SS

Section 50C: Higher Property Sale Consideration Not Ground for Section 271(1)(c) Penalty

Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

ITAT deletes addition made based on entries found in Hazir Johri software, as they were accounted in Tally

ITAT Kolkata Rules No Penalty Under Section 271(1)(c) if Addition Deleted
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.
