#section 271(1)(c)
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1,640 articlesIncome Tax

Income Tax
No section 271(1)(c) penalty for Mere Disallowance of section 54F Claim
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No penalty for Addition on Estimation Basis under section 271(1)(c)
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Section 271(1)(c) Penalty not sustainable if failure in Disclosure of Income was unintentional
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Penalty Notice not Containing Categorical Indication of Furnishing Inaccurate Particulars or Concealment of Particular of Income is invalid
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Criminal proceedings justified in concealment of income, without filing return
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Penalty imposable for Bogus Claim of Short Term Capital Loss
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When sales are not in doubt, then 100% disallowance for bogus purchases cannot be made
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PCIT cannot initiate penalty proceedings if no findings in assessment order on under or misreporting of income
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No penalty for Deduction reduced on account of interpretative process
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ITAT quashes section 271(1)(c) penalty as VAT was paid before due date of return
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ITAT remanded back penalty proceedings to AO for denovo adjudication as quantum was also referred back to him
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Penalty cannot be levied merely for addition during Quantum Proceedings
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Addition for Cash Balance difference not sustainable unless corroborated by tangible materials
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Income Tax
