Penalty u/s.271(1)(c) - Nature of interest income - capital ...

Income Tax

December 1, 2022

Penalty u/s.271(1)(c) - Nature of interest income - capital receipt or revenue receipt - This being a highly debatable issue and once there is a debate as assessee’s present case, Hon’ble Madras High Court has admitted the substantial question of law against the order of Tribunal in quantum, we are of the view that assessee is not liable for penalty u/s.271(1)(c) - AT

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Penalty u/s.271(1)(c) - Nature of interest income - capital ...

Income Tax

December 1, 2022

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