#section 271(1)(c)
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Refund issued will first be adjusted against interest and then against principal amount

Rendering cloud computing services not liable to tax in India as royalty or FTS/FIS

Reassessment after 4 years without failure to disclose full & true material facts unsustainable

No Section 271AAB Penalty if Initiation not based on Undisclosed Income Found during search

No Penalty on Voluntary Section 43B Disallowance Enhancement

ITAT Mumbai: No Penalty on Estimated Addition – L.S. Diamonds Vs CIT

ITAT Deletes Penalty u/s 271(1)(c) for Non-Disclosure in ITR Due to Accountant’s Ignorance

Mere denial of claim of deduction doesn’t attract penalty u/s 271(1)(c)

Assessment Order Null if AO fails to Follow Section 144C Procedure During draft assessment order Stage

Addition for Share Capital & Premium without Complete investigation & Application of mind: ITAT Directs Re-adjudication

Penalty not imposable as excess depreciation surrendered without prior detection of Revenue

HC Quashes 300% Penalty for Lack of Clear Violation Indication

No Section 271(1)(c) Penalty if no Variation in Returned & Assessable Income

Quantum Appeal Allowed, Section 54F Deduction Granted: Penalty Vacated
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.
