#section 271(1)(c)
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No penalty on addition owing to variation in perception of valuer and that of AO

Erroneous Claim without Mens Rea Not Grounds for Section 276 Proceedings under Income Tax

Surplus on redemption of treasury bills taxable under Capital Gains: ITAT Mumbai

ITAT Allows Section 80-IAB Deduction for Car Parking, Health Club, Food Court & Interest Income

Punitive damage being negative restitution not allowable as business expense

Plea of defect in the notice not accepted as it had caused no prejudice to assessee

Clarity Required on Basis for Penalty, Failure to Specify Renders Notice Invalid

Reopening inspired from change of opinion is liable to be quashed

HC directs AO to revise penalty orders in light of fresh/revised assessment orders

Appellate authority cannot enhance assessment without issuing a notice

HC allowed benefit of section 279 (1A) compounding of Prosecution In Tax Evasion Case

Property Allotment Date is acquisition date for Capital Gain Computation: ITAT Mumbai

Income Tax Notice issued prior to date of approval of Resolution Plan was quashed

Penalty Notice Invalid: Lack of Clarity on Section 271(1)(c) Limb Triggers
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.
