#section 271(1)(c)
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1,640 articlesIncome Tax
Income Tax
Carrying Forward of Excess Application of Income When Receipts Are Less to succeeding year allowed
Income Tax
Income Tax
ITAT Mumbai Rules No Section 271(1)(c) Penalty on Estimated Additions
Income Tax
Income Tax
Penalty u/s 271(1)(c) of Income Tax Act not imposable in absence of willful concealment
Income Tax
Income Tax
Penalty u/s 270A(9) imposed without specifying the limb is unsustainable
Income Tax
Income Tax
Penalty cannot be imposed for lower gross profit based on mere Assumptions
Income Tax
Income Tax
Reopening untenable in absence of tangible material concluding that income has escaped assessment
Income Tax
Income Tax
Exemption u/s 54 duly available as construction of residential house completed within 3 years
Income Tax
Income Tax
No Penalty for Estimated Profit-Based Addition
Income Tax
Income Tax
Estimate of cost by Departmental Valuer cannot constitute concealment hence penalty u/s 271(1)(c) not leviable
Income Tax
Income Tax
Revenue from operation of hotel/resort taxable under the head “Business income”
Income Tax
Income Tax
Show cause notice not specifying charge against assessee is bad-in-law
Income Tax
Income Tax
Discrediting assessee’s valuation report without substantial reasons and without calling for DVO report is unjustified
Income Tax
Income Tax
Penalty u/s. 271(1)(c) not leviable as all material facts disclosed
Income Tax
Income Tax
