Penalty u/s 271(1)(c) deleted – the act of the assessee was ...

Income Tax

November 27, 2014

Penalty u/s 271(1)(c) deleted – the act of the assessee was bonafide even though the assessee may have failed to substantiate its claim that the amount was capital receipt - HC

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Penalty u/s 271(1)(c) deleted – the act of the assessee was ...

Income Tax

November 27, 2014

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Penalty u/s.271(1)(c) - penalty cannot be levied where a bonafide claim of the assessee was rejected by the tax department. - AT

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